The statistics computed below use data from a number of recently released movies that includes the USGross (in $), the Budget ($), the Run Time (minutes), and the average number of stars awarded by reviewers. The multiple regression equation is shown below. 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. USGross = -22.9898 +1.13442Budget +24.9724Stars -0.403296RunTime Choose the correct answer below. O A. Since the coefficient for Run Time is less than one, making a movie shorter may or may not increase its gross. O 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. O 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. O 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.
The statistics computed below use data from a number of recently released movies that includes the USGross (in $), the Budget ($), the Run Time (minutes), and the average number of stars awarded by reviewers. The multiple regression equation is shown below. 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. USGross = -22.9898 +1.13442Budget +24.9724Stars -0.403296RunTime Choose the correct answer below. O A. Since the coefficient for Run Time is less than one, making a movie shorter may or may not increase its gross. O 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. O 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. O 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.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.CR: Chapter 1 Review
Problem 86CR
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Transcribed Image Text:The statistics computed below use data from a number of recently released movies that includes the
USGross (in $), the Budget ($), the Run Time (minutes), and the average number of stars awarded by
reviewers. The multiple regression equation is shown below. 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.
USGross = -22.9898 +1.13442Budget +24.9724Stars -0.403296Run Time
Choose the correct answer below.
O A. Since the coefficient for Run Time is less than one, making a movie shorter may or may not increase
its gross.
O 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.
O 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.
O 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.
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