Question 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. The least-squares regression equation for these data is Y, = - 0.346 + 1.381X, and the standard error of the estimate is Syx = 19.665. Assume that the straight-line model is appropriate and there are no serious violations the assumptions of the least-squares regression model. Complete parts (a) and (b) below. Click the icon to view the data on online trailer views and opening weekend box office gross a. At the 0.01 level of significance, is there evidence of a linear relationship between online trailer views and opening weekend box office gross? Determine the hypotheses for the test. Ho Hy (Type integers or decimals. Do not round.) Compute the test statistic. The test statistic is tSTAT = (Round to two decimal places as needed.) Find the p-value. The p-value is. (Round to three decimal places as needed.) Reach a decision. Ho- There is evidence to conclude that there is a linear relationship between online trailer views and opening weekend box office gross. b. Construct a 99% confidence interval estimate of the population slope, By-Question 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. The least-squares regression equation for these data is Y = - 0.346 + 1.381X, and the standard error of the estimate is Syx = 19.665. Assume that the straight-line model is appropriate and there are no serious violations the assumptions of the least-squares regression model. Complete parts (a) and (b) below. Click the icon to view the data on online trailer views and opening weekend box office gross Ho Hy Type integers or decimals. Do not round.) Compute the test statistic. The test statistic is tSTAT = (Round to two decimal places as needed.) Find the p-value. The p-value is (Round to three decimal places as needed.) Reach a decision. Ho. There is evidence to conclude that there is a linear relationship between online trailer views and opening weekend box office gross. b. Construct a 99% confidence interval estimate of the population slope, B1 - The confidence interval is | = B, s. (Round to three decimal places as needed.) Enter your answer in each of the answer boxes.Opening Weekend Opening Weekend Online Trailer Box Office Gross Online Trailer Box Office Gross Views (millions) ($millions) Views (millions) ($millions) 60.445 35.748 4.213 4.137 1.390 4.053 34.212 61.025 9.710 2.878 3.045 16.172 8.068 24.618 42.916 38.412 83.546 99.669 4.989 4.690 36.139 62.766 6.630 33.377 21.954 16.214 0.942 3.705 4.152 11.982 2.258 1.513 3.858 8.056 11.327 18.470 45.680 36.830 8.966 12.202 5.014 16.687 15.177 4.357 29.230 18.721 13.714 30.436 4.743 0.234 31.231 53.003 58.137 144.733 52.612 46.607 4.509 10.790 16.235 13.003 10.148 9.718 6.884 3.776 13.153 0.004 11.698 18.223 0.620 5.893 2.827 3.471 3.825 3.884 23.075 13.602 6.167 2.487 12.606 40.011 8.981 6.380 0.826 1.385 6.253 0.450 27.536 20.130 30.203 98. 162 7.273 3.404 0.855 5.847 3.323 1.207 0.041 11.423 4.267 10.951 7.961 13.100 3.790 8.344 50.575 53.154 11.614 4.077 3.173 12.912 13.501 31.753 21.249 7.067 5.106 7.583 5.690 5.020 1.985 11.409 12.502 7.739 22.800 61.809 40.300 16.795 13.689 78.098 174.751 7.643 2.080
