Use computer software packages, such as minitab or excel, to solve this problem. the owner of showtime movie theaters, inc., would like to predict weekly gross revenue as a function of advertising expenditures. historical data for a sample of eight weeks follow. weekly television newspaper gross revenue advertising advertising ($1,000s) ($1,000s) ($1,000s) 97 5.0 1.5 90 2.0 2.0 95 4.0 1.5 92 2.5 2.5 105 3.0 3.3 94 3.5 2.3 94 2.5 4.2 97 3.0 2.5 a. develop an estimated regression equation with the amount of television advertising as the independent variable (to 1 decimal).

the benefits of raising bc’s minimum wage to $15 through a

series of pre-announced staged increases far outweigh the likely

costs. claims that such an increase will lead to massive job losses

in low-wage sectors of the economy are not credible.

• an increase to $15 would result in some job losses. however,

the likely impact is less than a 1 per cent reduction in the overall

provincial employment rate, and a 7.6 per cent reduction in the

employment rate for those currently making between $10.25

and $15 per hour.

• the large job loss impacts predicted by some opponents of

minimum wages misrepresent the existing economic research. in

reading and using that research, it is important to recognize that

estimates showing job loss effects of minimum wage increases

apply only to teenagers. estimated effects for young adult and

adult workers range from insignificant to non-existent.

• focusing on teenage workers plays up an inaccurate stereotype

about who earns very low wages in bc and leads to exaggerated

claims about job losses. only 26 per cent of those currently making

between $10.25 and $12 are teenagers, and only 5 per cent

of those making between $12 and $15 are teenagers.

a) click on any cells in the range of data

b) click the data

c) click sort& filter group, click sort

d) select the column to sort by and then select a sort order

e) select the next column to sort by and select the sort order

f) click ok