Introduction to Probability and Statistics
Introduction to Probability and Statistics
14th Edition
ISBN: 9781133103752
Author: Mendenhall, William
Publisher: Cengage Learning
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Chapter 12, Problem 12.72SE

Movie Reviews How many weeks cana movie run and still make a reasonable profit? The data that follow show the number of weeks inrelease (x) and the gross to date (y) for the top12 movies during a recent week.17

Chapter 12, Problem 12.72SE, Movie Reviews How many weeks cana movie run and still make a reasonable profit? The data that follow

  1. Plot the points in a scatterplot. Does it appear that the relationship between x and y is linear? Howwould you describe the direction and strength of the relationship?
  2. Calculate the value of r2. What percentage of the overall variation is explained by using the linear model rather than Y ¯ to predict the response variable y?
  3. What is the regression equation? Do the data provide evidence to indicate that x and y are linearlyrelated? Test using a 5% significance level.
  4. Given the results of parts b and c, is it appropriate to use the regression line for estimation and prediction? Explain your answer.

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