Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A box office analyst seeks to predict opening weekend box office gross for movies. Toward this goal, the analyst plans to use online trailer views

image text in transcribedimage text in transcribed

A box office analyst seeks to predict opening weekend box office gross for movies. Toward this goal, the analyst plans to use online trailer views as a predictor. For each of the 66 movies, the number of online trailer views from the release of the trailer through the Saturday before a movie opens and the opening weekend box office gross (in millions of dollars) are collected and stored in the accompanying table. Complete parts (a) through (e) below. B! Click the icon view the data on online trailer views and opening weekend box office gross a. Construct a scatter plot. Choose the correct graph below. OA. OB. O c. OD 100 200- 100 200 Opening Gross ..." 200 Opening Gross (Smil) 100 Trailer Views (mil) 200 Opening Gross (Smil) Trailer Views (mil) b. Assuming a linear relationship, use the least-squares method to determine the regression coefficients bo and by bo b1 = (Round the value of bo to two decimal places as needed. Round the value of by to three decimal places as needed.) c. Interpret the meaning of the slope, by, in this problem. Select the correct choice below and fill in the answer box to complete your choice. (Round to three decimal places as needed.) O A. The approximate online trailer views when the opening weekend office gross is $0 is million. OB. The approximate predicted opening weekend box office gross when the number of online trailer views is 0 is $ million O C. For each increase in opening weekend box office gross of $1 million, the number of online trailer views is expected to increase by million D. For each increase of 1 million online trailer views, the predicted opening weekend box office gross is expected to increase by 5 million. d. Predict the mean opening weekend box office gross for a movie that had 32 million online trailer views. The predicted mean opening weekend box office gross will be $ million. (Round to two decimal places as needed.) 0 Trailer Views vs. Opening Weekend Gross - X Online Trailer Views (millions) 56.159 13.703 9.847 7.437 84.200 33.561 22.360 2.749 6.543 47.313 10.685 27.246 3.460 56.689 5.845 13.003 12.032 0.510 0.283 5.989 5.161 10.178 32.996 1.989 2.458 8.847 50.095 3.413 29.823 10.062 11.375 61.579 78.354 Opening Weekend Box Office Gross (Smillions) 28.369 5.859 5.460 23.112 106.430 65.089 21.290 15.667 4.340 34.421 20.071 11.557 5.822 144.332 13.963 7.031 3.912 6.543 1.364 4.415 2.150 4.065 101.153 4.000 14.468 17.186 50.093 6.972 21.438 8.026 11.328 41.906 170.986 Online Trailer Views (millions) 6.484 37.449 5.315 43.282 4.989 6.630 0.942 2.258 11.327 8.966 15.177 13.714 31.231 52.612 16.235 6.884 11.698 2.827 23.075 12.606 0.826 27.536 7.273 3.323 4.267 3.790 7.597 12.912 7.067 5.020 7.739 16.795 7.643 Opening Weekend Box Office Gross ($millions) 1.278 63.303 17.696 90.350 4.690 33.377 3.705 1.513 18.470 12.202 4.357 30.436 53.003 46.607 13.003 3.776 18.223 3.471 13.602 40.011 1.385 20.130 3.404 1.207 10.951 8.344 11.614 13.501 5.106 1.985 22.800 13.689 2.080 Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing The Food And Beverage Operation An Operational Audit Approach Volume 1

Authors: Hans L. Steiniger Certified Public Accountant Certified Internal Auditor

1st Edition

1424167698, 978-1424167692

More Books

Students also viewed these Accounting questions

Question

Describe the relative deprivation theory of prejudice.

Answered: 1 week ago