SCENARIO 17-4 The regression tree below was obtained for predicting the weekend box office revenue of a newly released movie (in thousands of dollars)based on data collected in different cities on the expenditure (at $25, $30, $35, $40, $45, $50, $55, $60, $65 or $70 thousand)spent on TV advertising and the number of times (10, 15, 20, 25, 30 or 35)a day the advertisement appear on TV.
-Referring to Scenario 17-4, what percentage of the variation in weekend box office revenue can be explained by the amount spent on TV advertising and the number of times a day the advertisement appears on TV?

Question

SCENARIO 17-4 The regression tree below was obtained for predicting the weekend box office revenue of a newly released movie (in thousands of dollars)based on data collected in different cities on the expenditure (at $25, $30, $35, $40, $45, $50, $55, $60, $65 or $70 thousand)spent on TV advertising and the number of times (10, 15, 20, 25, 30 or 35)a day the advertisement appear on TV. 
-Referring to Scenario 17-4, what percentage of the variation in weekend box office revenue can be explained by the amount spent on TV advertising and the number of times a day the advertisement appears on TV?

Quizplus · Accepted Answer

The Answer of SCENARIO 17-4 The regression tree below was obtained for predicting the weekend box office revenue of a newly released movie (in thousands of dollars)based on data collected in different cities on the expenditure (at $25, $30, $35, $40, $45, $50, $55, $60, $65 or $70 thousand)spent on TV advertising and the number of times (10, 15, 20, 25, 30 or 35)a day the advertisement appear on TV. 
-Referring to Scenario 17-4, what percentage of the variation in weekend box office revenue can be explained by the amount spent on TV advertising and the number of times a day the advertisement appears on TV?

SCENARIO 17-4 the Regression Tree Below Was Obtained for Predicting