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Movie companies need to predict the gross receipts of an individual movie once the movie has debuted. The data in the accompanying table are the
Movie companies need to predict the gross receipts of an individual movie once the movie has debuted. The data in the accompanying table are the first weekend gross, the regional gross, and the worldwide gross (in $millions) of six movies. Complete parts (a) and (b). Click the icon to view the data table. a. Compute the coefficient of correlation between first weekend gross and the regional gross, first weekend gross and the worldwide gross, and the regional gross and worldwide gross. The coefficient of correlation between first weekend gross and the regional gross is. (Round to four decimal places as needed.) The coefficient of correlation between first weekend gross and the worldwide gross is (Round to four decimal places as needed.) The coefficient of correlation between the regional gross and worldwide gross is]. (Round to four decimal places as needed.) b. At the 0.05 level of significance, is there a significant linear relationship between first weekend gross and the regional gross, first weekend gross and the worldwide gross, and the regional gross and worldwide gross? Determine the hypotheses for the tests. Choose the correct answer below. O A. Ho: B, 20 OB. Hops0 OC. Ho: B, SO Hy: B, =0 Hip = 0 H,: P, =0 O D. Ho- p20 OE. HOP=0 OF. Ho: Po = 0 Hyp=0 Hy: p#0 Identify the critical value(S). The critical value(s) is(are). (Use a comma to separate answers as needed. Round to four decimal places as needed.) Compute the test statistic for the linear relationship between first weekend gross and the regional gross. ISTAT = (Round to four decimal places as needed.) Reach a decision. Ho. There is evidence to conclude that there is a significant linear relationship between first weekend gross and the regional gross. Compute the test statistic for the linear relationship between first weekend gross and the worldwide gross. ISTAT = (Round to four decimal places as needed.) Reach a decision. H. There is evidence to conclude that there is a significant linear relationship between first weekend gross and the worldwide gross.Compute the test statistic for the linear relationship between the regional gross and worldwide gross. ISTAT = (Round to four decimal places as needed.) Reach a decision. Ho. There is evidence to conclude that there is a significant linear relationship between the regional gross and worldwide gross.Data table First Regional Worldwide Title Weekend Gross Gross 90.647 314.384 970.744 88.099 259.871 890.014 95.207 253.568 310.186 O U AWN- 101.761 284.224 901.266 77.422 294.362 938.596 77.213 301.575 927.453 Print Done
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