13.73 Can you use movie critics' opinions to forecast box office receipts on the opening weekend? The following data, stored in Tomatometer, indicate the Tomatometer rating, the percentage of professional critic reviews that are positive, and the receipts per theater (Sthousands) on the weekend a movie opened for 10 movies: Movie Tomatometer Rating Receipts The Mummy 16 7.8 Zookeeper's Wife 61 6.1 Beatriz at Dinner 80 28.4 The Hero 76 11.3 Wonder Woman 93 24.8 Baby Boss The Circle 52 13.3 15 2.9 Dean 61 4.0 Вауwateh Churchill 20 5.1 38 1.9 Source: "Top Box Office Movies – Rotten Tomatoes," and "The Numbers - Weekend Box Office Chart for May 26th 2017," bit.ly/2t0tqS6. a. Use the least-squares method to compute the regression coeffi- cients b, and bj. b. Interpret the meaning of b, and b, in this problem. c. Predict the mean receipts for a movie that has a Tomatometer rating of 55%. d. Should you use the model to predict the receipts for a movie that has a Tomatometer rating of 5%? Why or why not? e. Determine the coefficient of determination, r², and explain its meaning in this problem. f. Perform a residual analysis. Is there any evidence of a pattern in the residuals? Explain. g. At the 0.05 level of significance, is there evidence of a linear
13.73 Can you use movie critics' opinions to forecast box office receipts on the opening weekend? The following data, stored in Tomatometer, indicate the Tomatometer rating, the percentage of professional critic reviews that are positive, and the receipts per theater (Sthousands) on the weekend a movie opened for 10 movies: Movie Tomatometer Rating Receipts The Mummy 16 7.8 Zookeeper's Wife 61 6.1 Beatriz at Dinner 80 28.4 The Hero 76 11.3 Wonder Woman 93 24.8 Baby Boss The Circle 52 13.3 15 2.9 Dean 61 4.0 Вауwateh Churchill 20 5.1 38 1.9 Source: "Top Box Office Movies – Rotten Tomatoes," and "The Numbers - Weekend Box Office Chart for May 26th 2017," bit.ly/2t0tqS6. a. Use the least-squares method to compute the regression coeffi- cients b, and bj. b. Interpret the meaning of b, and b, in this problem. c. Predict the mean receipts for a movie that has a Tomatometer rating of 55%. d. Should you use the model to predict the receipts for a movie that has a Tomatometer rating of 5%? Why or why not? e. Determine the coefficient of determination, r², and explain its meaning in this problem. f. Perform a residual analysis. Is there any evidence of a pattern in the residuals? Explain. g. At the 0.05 level of significance, is there evidence of a linear
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
I need with D-F
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman