Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A movie studio wishes to determine the relationship between the revenue from the streaming rental of comedies and the find the m revenue generated from

image text in transcribed
A movie studio wishes to determine the relationship between the revenue from the streaming rental of comedies and the find the m revenue generated from the theatrical release of such comedies. The studio has the following bivariate data from a sample of fifteen comedies released over the past five years. These data give the revenue x from theatrical release (in millions of dollars) and the revenue y from streaming rentals (in millions of dollars) for each of the fifteen movies. The data are value lusu displayed in the Figure 1 scatter plot. Also given is the product of the theater revenue and the rental revenue for each of the fifteen movies. (These products, written in the column labelled "xy", may ald in calculations.) the z-sc0 vo values Theater Rental revenue, x revenue, y XY (in millions of (in millions of dollars) dollars) oximation 30.7 5.5 168.85 25.3 9.6 242.88 ding to th 50.0 15.3 765 26.1 7.5 195.75 28.3 2.7 76.41 66.0 10.2 673.2 Rental revenue (in millions of dollars) UBB Pla-0 Nor 15.0 1.5 22.5 Sta - 6 Use Plus a 44.5 6.2 275.9 61.5 9.9 608.85 Use PKK s a 7.9 2.1 16.59 sample Use Plus a 36.5 12.6 459.9 Theater revenue 13.7 9.6 131.52 (in millions of dollars) mea Use PIXS 61.0 16.5 1006.5 Figure 1 21.3 4.7 100.11 echnology 27.7 12.2 337.94 Send data to calculator find the a What is the sample correlation coefficient for these data? Carry your intermediate computations to at least four decimal places and round your answer to at least three decimal places. (If necessary, consult a list of formulas.) the probal X ? that is you to sub

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

Probability And Statistical Inference

Authors: Robert V. Hogg, Elliot Tanis, Dale Zimmerman

10th Edition

013518939X, 978-0135189399

More Books

Students also viewed these Mathematics questions