3.27 Movie Money, continued The data from Exercise 3.26 were entered into a MINITAB worksheet, and the
Question:
3.27 Movie Money, continued The data from Exercise 3.26 were entered into a MINITAB worksheet, and the following output was obtained.
a. Use the MINITAB output or the original data to find the correlation between first weekend and total gross.
b. Which of the two variables would you clas- sify as the independent variable? The dependent variable?
c. If the average first weekend gross is 25.66 million dollars and the average total gross is 86.71 million dollars, find the regression line for predicting total gross as a function of the first weekend's gross.
d. If another film was released and grossed 30 million dollars on the first weekend, what would you predict that its total gross earnings will be?
Step by Step Answer:
Introduction To Probability And Statistics
ISBN: 9780176509804
3rd Edition
Authors: William Mendenhall