Can movie rental revenue be predicted?
A movie studio wishes to determine the relationship between the revenue from rental of comedies on streaming services and the revenue generated from the theatrical release of such movies. The studio has the following bivariate data from a sample of fifteen comedies released over the past five years. These data give the revenue
from theatrical release (in millions of dollars) and the revenue
from streaming service rentals (in millions of dollars) for each of the fifteen movies. Also shown are the
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Based on the studio's data and the regression line, answer the following.
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- A movie studio wishes to determine the relationship between the revenue from the streaming rental of comedies and the revenue generated from the theatrical release of such comedies. The studio has the following bivariate data from a sample of fifteen comedies released over the past five years. These data give the revenue x from theatrical release (in millions of dollars) and the revenue y from streaming rentals (in millions of dollars) for each of the fifteen movies. The data are displayed in the Figure 1 scatter plot. Also given is the product of the theater revenue and the rental revenue for each of the fifteen movies. (These products, written in the column labelled "xy", may aid in calculations.) Theater Rental revenue, y revenue, x xy (in millions of (in millions of dollars) dollars) 61.7 9.7 598.49 15.1 1.7 25.67 45.3 6.3 285.39 28.1 12.1 340.01 49.1 16.1 790.51 xx 12.9 10.2 131.58 28.1 2.4 67.44 66.0 9.7 640.2 20.6 5.8 119.48 7.5 2.8 21 25.8 6.9 178.02 Theater revenue 36.2 12.8…arrow_forwardOverweight or obese adults from psychiatric programs were recruited and randomly assigned to a treatment group or control group. Patients in the treatment group received both weight-management sessions plus exercise sessions plus their usual care. Patients in the control group received their usual treatment for mental illness and no additional treatment. After 18 months, some of the patients had lost 5% or more of their weight, and some had not. The table summarizes the data. Complete parts (a) and (b) below. Treatment Group Control Group Lost 5% or more 46 29 Did not lose 5% or more 88 106 ..... (a) Find the percentage of each group that lost 5% or more, and compare them descriptively. That is, report both percentages, and indicate what these sample percentages suggest about the effectiveness of the treatment program. Of the treatment group,% of them lost 5% or more. (Round to one decimal place as needed.) Of the control group, % of them lost 5% or more. (Round to one decimal place as…arrow_forward
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