Movie Reviews How many weeks can a movie run and still make a reasonable profit? The data

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Movie Reviews How many weeks can a movie run and still make a reasonable profit? The data that follow show the number of weeks in release (x) and the gross to date (y) for the top 12 movies during a recent week.17
Movie Reviews How many weeks can a movie run and

a. Plot the points in a scatterplot. Does it appear that the relationship between x and y is linear? How would you describe the direction and strength of the relationship?
b. Calculate the value of r2. What percentage of the overall variation is explained by using the linear model rather than to predict the response variable y?
c. What is the regression equation? Do the data provide evidence to indicate that x and y are linearly related? Test using a 5% significance level.
d. Given the results of parts b and c, is it appropriate to use the regression line for estimation and prediction? Explain your answer.

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Introduction To Probability And Statistics

ISBN: 9781133103752

14th Edition

Authors: William Mendenhall, Robert Beaver, Barbara Beaver

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