Movie profits are tracked weekly, and the data are shown in the following two scatterplots. The exponential regression function for the scatterplot without outliers is f(t) = 85.8507(0.56049)ª. The coefficient of determination is 0.976. The exponential regression function for the scatterplot with outliers is f (t) = 71.4094(0.60228)ª. The coefficient of determination is 0.740. Which regression function is more appropriate for the data? Movie Sales with Outliers 50 - 45- 40 35 30- 25 20- 15 10 1 3 4 5 6 7. 8 10 Weekends since Movie Release Gross Profit (Millions of Dollars)
Movie profits are tracked weekly, and the data are shown in the following two scatterplots. The exponential regression function for the scatterplot without outliers is f(t) = 85.8507(0.56049)ª. The coefficient of determination is 0.976. The exponential regression function for the scatterplot with outliers is f (t) = 71.4094(0.60228)ª. The coefficient of determination is 0.740. Which regression function is more appropriate for the data? Movie Sales with Outliers 50 - 45- 40 35 30- 25 20- 15 10 1 3 4 5 6 7. 8 10 Weekends since Movie Release Gross Profit (Millions of Dollars)
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
65

Transcribed Image Text:Movie profits are tracked weekly, and the data are shown in the following two scatterplots.
The exponential regression function for the scatterplot without outliers is f(t) = 85.8507(0.56049)ª. The coefficient of determination is 0.976.
The exponential regression function for the scatterplot with outliers is f(t) = 71.4094(0.60228)". The coefficient of determination is 0.740.
Which regression function is more appropriate for the data?
Movie Sales with Outliers
50
45
40
35
30
25
20
15
10-
5-
1 2
3
4
5 6 7
8
9 10
Weekends since Movie Release
Gross Profit (Millions of Dollars)
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 3 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