- To Study How Social Media May Influence The Products Consumers Buy Researchers Collected The Opening Weekend Box Office 1 (69.41 KiB) Viewed 26 times
(nothing) x
(Round to three decimal places as needed.)
b. Determine the estimate of the standard deviation.
s=nothing
(Round to two decimal places as needed.)
c. Identify the test statistic for the hypotheses, rounding to
two decimal places.
t= nothing
d.Identify the p-value.
e.Compute fro r2
f.Use technology to create a 95% confidence interval for the
slope β1, rounding to three decimal places
To study how social media may influence the products consumers buy, researchers collected the opening weekend box office 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). Click the icon to view the data. + X. The least squares regression equation is y= (Round to three decimal places as needed.)
Revenue and Message Rate for Recent Movies Revenue ($millions) 144 80 70 34 32 30 24 21 Message Rate 1361.7 1214.4 578.6 305.1 452.8 286.2 250.4 684.2 146.8 163.9 113.3 147.4 412.1 90.7 103.8 115.2 71.1 82.7 126.8 52.9 147.1 40.1 4.3 Roññññññåão ou mn 21 21 21 21 20 20 20 19 17