The statistics computed below use data from a number of recently released movies that include USGross (in $), the Budget ($), the Run Time (minutes), and the average number of stars awarded by reviewers. The multiple regression equation is shown:\[ \text{USGross} = -22.9898 + 1.13442 \times \text{Budget} + 24.9724 \times \text{Stars} - 0.403296 \times \text{RunTime} \]A middle manager at an entertainment company, upon seeing this analysis, concludes that the longer you make a movie, the less money it will make. He argues that his company’s films should all be cut by 25 minutes to improve their gross. Explain the flaw in his interpretation of this model.**Options:**A. Since the coefficient for Run Time is less than one, making a movie shorter may or may not increase its gross.B. The model says that longer films had larger gross incomes after allowing for Budget and Stars, so making a movie longer will increase its gross.C. Since the coefficient for Run Time is so small, the studio should cut the films by more than 25 minutes to increase gross income.D. The model says that longer films had smaller gross incomes after allowing for Budget and Stars, but it does not say that making a movie shorter will increase its gross.

We are given a multiple regression model as,The manager argues that his company's films should all…

Answered: The statistics computed below use data…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The output of a another regression analysis on the effect of radio advertising spending, television advertising spending and online advertising spending on sales is given below. For this study they explored 3 different types of advertising spending (radio, television and online). They modelled it as y = ao + a1¤1+a2x2 + a3X3. The table below gives the summary output of this regression analysis. Regression Analysis: Sales versus Spend Analysis of Variance Source DF MS F-Value P-Value Regression dfreg MSR 10.00 F-val p-val Error dferr 560.58 MSE Total 38 Find the Mean Squares Error (MSE ) in the above table. Give your answer to 3 decimal places.
onsider the following sample of production volumes and total cost data for a manufacturing operation. Production Volume(units) Total Cost($) 400 3,900 450 4,900 550 5,500 600 5,900 700 6,400 750 7,100 This data was used to develop an estimated regression equation, ŷ = 970.67 + 8.08x, relating production volume and cost for a particular manufacturing operation. Use ? = 0.05 to test whether the production volume is significantly related to the total cost. (Use the F test.) Set up the ANOVA table. (Round your p-value to three decimal places and all other values to two decimal places.) Sourceof Variation Sumof Squares Degreesof Freedom MeanSquare F p-value Regression Error Total Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to three decimal places.) p-value = What is your conclusion? Reject H0. We conclude that the relationship between production…
10) Using advertised prices for used Ford Escorts a linear model for the relationship between a car's age and its price is found. The regression has an R2-87.4%. Write a sentence summarizing what R2 says about this regression. A) The age of the car explains 9.35% of the variation in price. B) The price of the car explains 12.6% of the variation in age. C) The age of the car explains 87.4% of the variation in price. D) The price of the car explains 87.4% of the variation in age. E) The age of the car explains 12.6% of the variation in price. Solve. Round to two decimal places if necessary. 11) At one college, 68% of students have credit cards. A credit card company, looking for new customers, sets up a booth at the college. If they pick students at random, how many students should they expect to talk to before finding one who does not have a credit card? A) 32 B) 3.13 D) 68 C) 0.32 E) 1.47
Listed. below are paired data consisting of movie budget amounts and the amounts that the movies grossed. Find the regression equation, letting the budget be the predictor (x) variable. Find the best predicted amount that a movie will gross if its budget is $115 million. Use a significance level of a = 0.05. Budget ($)in Millions Gross ($) in Millions 41 21 114 68 79 51 118 65 9. 61 122 21 15 151 110 119 11 107 56 128 116 101 107 55 105 222 39 22 283 45 Click the icon to view the critical values of the Pearson correlation coefficient r. The regression equation is y%= X. %3D (Round to one decimal place as needed.)
The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow. Click on the datafile logo to reference the data .
The datasetBody.xlsgives the percent of weight made up of body fat for 100 men as well as other variables such as Age, Weight (lb), Height (in), and circumference (cm) measurements for the Neck, Chest, Abdomen, Ankle, Biceps, and Wrist. We are interested in predicting body fat based on abdomen circumference. Find the equation of the regression line relating to body fat and abdomen circumference. Make a scatter-plot with a regression line. What body fat percent does the line predict for a person with an abdomen circumference of 110 cm? One of the men in the study had an abdomen circumference of 92.4 cm and a body fat of 22.5 percent. Find the residual that corresponds to this observation. Bodyfat Abdomen 32.3 115.6 22.5 92.4 22 86 12.3 85.2 20.5 95.6 22.6 100 28.7 103.1 21.3 89.6 29.9 110.3 21.3 100.5 29.9 100.5 20.4 98.9 16.9 90.3 14.7 83.3 10.8 73.7 26.7 94.9 11.3 86.7 18.1 87.5 8.8 82.8 11.8 83.3 11 83.6 14.9 87 31.9 108.5 17.3…
KidsFeet Regression Line y-Intercept The KidsFeet dataframe contains data collected on 39 fourth grade students in Ann Arbor, MI, in October 1997. Two of the measurements taken on the children were the length in centimeters, (length), and width in centimeters, (width), of their longest foot. This data could be used to answer the following Research Question: How is the width of a fourth-grade student's foot related to the length? Which of the following is the y-intercept of the regression line? ## ## Simple Linear Regression## ## Correlation coefficient r = 0.6411 ## ## Equation of Regression Line:## ## length = 9.817 + 1.658 * width ## ## Residual Standard Error: s = 1.025 ## R^2 (unadjusted): R^2 = 0.411 ( ) 1.0248 ( ) 1.6576 ( ) 22.8153 ( ) 0.411 ( ) 9.8172 ( )0.6411
Consider the following passage: I ran a regression, with many variables to predict the result of another variable which was the murder rate. One can see that lots of things, can cause the murder rate to increase or decrease. I tried to account for all the important factors, and those factors are the SAT scores, unemployment rate, and international migration per 1,000. The SAT score is, average combined total score participants did on the SAT exam. The unemployment rate is, "a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force." (Wikipedia) International migration per 1,000 is, the number of people who come into a state from other countries per 1,000 people who live in the state. After I run the regression I will look at the t scores and p values and I should hopefully conclude that international migration does not cause crime. Which writing mistakes, if any, did…
Twelve husbands were asked how much housework they completed last week and how many children were in the home. Use the following data to complete the questions in this section. Write out the linear model. Children Husband’s Housework Children Husband’s Housework 2 4 4 6 1 1 1 3 3 0 3 5 5 4 2 3 1 5 2 1 5 7 4 3
Pa.n.n
The output of a another regression analysis on the effect of radio advertising spending, television advertising spending and online advertising spending on sales is given below. For this study they explored 3 different types of advertising spending (radio, television and online). They modelled it as y = ao + a1¤1+a2x2 + a3X3. The table below gives the summary output of this regression analysis. Regression Analysis: Sales versus Spend Analysis of Variance Source DF s MS F-Value P-Value Regression d freg 23.897.37 MSR F-val p-val Error dferr 552.44 MSE Total 36 Find the F-value in the above table. Give your answer to 3 decimal places.
Hiroshi Sato, an owner of a sushi restaurant in San Francisco, has been following an aggressive marketing campaign to thwart the effect of rising unemployment rates on business. He used monthly data on sales ($1,000s), advertising costs ($), and the unemployment rate (%) fromJanuary 2008 to May 2009 to estimate the following sample regression equation: Sales(t) = 17.51 +0.05 Advertising Costs(t-1) – 0.70 Unemployment Rate t-1 Requirement: a. Hiroshi had budgeted $620 toward advertising costs in May 2009. Make a forecast in June2009, if the unemployment rate in May 2009 was 9.1%b. What will be the forecast if he raises his advertisement budget to $700?c. Reevaluate the above forecast if the unemployment rate in May 2009 was 9.5%. Please, if possible, can you do the answer in Excel/Spreadsheet

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