Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

To study how social media may inuence the produols consumers buy. researchers collected the opening weekend box ofce revenue (in millions of dollars) for 23

image text in transcribed
To study how social media may inuence the produols consumers buy. researchers collected the opening weekend box ofce revenue (in millions of dollars) for 23 recent movies and the social media message rate (average number of messages referring to the movie per hour). The data are available below. Conduct a complete simple linear regression analysis of the relationship between revenue (y) and message rate (x). E Click the icon to View the data. WM The least squares regression equation is 9 = D + (D) x. (Round to three decimal places as needed.) Check the usefulness of the hypothesized model. What are the hypotheses to test? 0 A. Ho: [30 at 0 against H a: (50 = O O B. Ho: (50 = 0 against Ha: Be a 0 O C. H0131\") against Ha: (31 = 0 O 0. Ho: [31 = 0 against Ha: (31 0 Determine the estimate of the standard deviation. s = D (Round to two decimal places as needed.) What is the test statistic for the hypotheses? t = Cl (Round to two decimal places as needed.)

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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Mathematics questions