Assuming a linearrelationship, use theleast-squares method to determine the regression coefficients b0 and b1. Interpret the meaning
Question:
- Assuming a linearrelationship, use theleast-squares method to determine the regression coefficients b0 and b1.
- Interpret the meaning of theslope, b1, in this problem.
- Interpret the meaning of theslope, b1, in this problem.
- Predict the mean opening weekend box office gross for a movie that had 80 million online trailer views.
Online Trailer Views (millions) Opening Weekend Box Office Gross ($millions)
60.518 29.685
13.717 9.622
9.675 6.109
8.871 21.626
86.682 103.239
34.073 64.523
24.288 20.901
7.304 9.539
3.458 7.727
43.207 37.363
9.526 16.845
25.857 19.105
5.457 0.650
58.316 149.028
10.167 12.286
11.982 10.536
9.238 2.797
0.021 1.020
2.584 1.580
2.394 8.666
3.576 7.166
6.144 0.745
29.197 99.705
0.533 5.594
0.922 10.043
6.708 10.981
53.233 47.737
3.959 5.151
28.077 22.569
8.840 10.181
15.813 11.424
59.526 37.351
77.904 171.900
3.150 0.903
37.905 63.185
4.516 17.235
43.303 87.206
4.989 4.690
6.630 33.377
0.942 3.705
2.258 1.513
11.327 18.470
8.966 12.202
15.177 4.357
13.714 30.436
31.231 53.003
52.612 46.607
16.235 13.003
6.884 3.776
11.698 18.223
2.827 3.471
23.075 13.602
12.606 40.011
0.826 1.385
27.536 20.130
7.273 3.404
3.323 1.207
4.267 10.951
3.790 8.344
7.597 11.614
12.912 13.501
7.067 5.106
5.020 1.985
7.739 22.800
16.795 13.689
7.643 2.080