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Opening Weekend Opening Weekend Online Trailer Box Office Gross Online Trailer Box Office Gross Views (millions) ($millions) Views (millions) ($millions) 56.86 33.589 8.12 5.589 13.538 7.401 36.374 61.431 12.630 1.034 1.889 18.826 8.957 25.251 45.718 84.849 86.224 105.034 4.989 4.690 33.552 61.823 6.630 33.377 19.948 18.119 0.942 3.705 6.114 12.115 2.258 1.513 2.901 6.182 11.327 18.470 43.058 35.166 8.966 12.202 9.553 18.547 15.177 4.357 27.608 14.720 13.714 30.436 2.803 2.714 31.231 53.003 55.075 145.374 52.612 46.607 4.480 14.815 16.235 13.003 12.818 5.891 6.884 3.776 10.768 0.303 11.698 18.223 2.101 8.690 2.827 3.471 3.770 2.457 23.075 13.602 5.793 1.784 12.606 40.011 5.647 6.106 0.826 1.385 6.192 5.328 27.536 20.130 27.963 98.294 7.273 3.404 3.044 0.834 3.323 1.207 0.554 8. 160 4.267 10.951 8.111 11.346 3.790 8.344 50.289 46.401 7.597 11.614 1.606 0.145 12.912 13.501 29.490 22.250 7.067 5.106 8.049 6.963 5.020 1.985 15.375 9.978 7.739 22.800 59.665 38.256 16.795 13.689 78.594 173.554 7.643 2.080Question Help 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. A linear regression was performed on this data, and the result is the linear regression equation Y = - 0.816 + 1.3968X. Complete parts (a) through (c) below. Click on the icon to view the data table. a. Determine the coefficient of determination, r, and interpret its meaning. 12 = (Round to three decimal places as needed.) Interpret the meaning of r2. The value of r indicates that % of the variation in can be explained by the variation in (Round to one decimal place as needed. b. Determine the standard error of the estimate. Syx =(Round to two decimal places as needed.) c. How useful do you think this regression model is for predicting movie weekend box office gross? O A. It is very useful for predicting box office gross because the coefficient of determination is very close to 1. O B. It is not useful for predicting box office gross because the coefficient of determination is close to 0 O C. It is not useful for predicting box office gross because the coefficient of determination is close to 1. O D. It is somewhat useful for predicting box office gross because the coefficient of determination is closer to 1 than it is to 0. Click to select your answer(s)
