MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
To study how social media may influence the products consumers buy, researchers collected the opening weekend box office revenue (in millions of dollars) for
regression analysis of the relationship between revenue (y) and message rate (x).
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 Message_Rate Revenue_($millions)
1363.9 150
1218.4 72
678.2 63
583.8 35
455.5 33
412.5 31
314.4 24
285.1 18
252.9 18
165.5 17
146.6 16
145.6 16
142.5 16
122.1 16
118.9 15
111.5 15
102.1 15
94.2 13
87.3 9
72.2 7
54.1 5
40.3 2
4.5 2
1363.9 150
1218.4 72
678.2 63
583.8 35
455.5 33
412.5 31
314.4 24
285.1 18
252.9 18
165.5 17
146.6 16
145.6 16
142.5 16
122.1 16
118.9 15
111.5 15
102.1 15
94.2 13
87.3 9
72.2 7
54.1 5
40.3 2
4.5 2
The least squares regression equation is
y=enter your response here+enter your response herex.
(Round to three decimal places as needed.)
A.
B.
C.
D.
A.
B.
C.
Determine the estimate of the standard deviation.
s=enter your response here
(Round to two decimal places as needed.)What is the test statistic for the hypotheses?
t=enter your response here
(Round to two decimal places as needed.)What is the p-value for the test statistic?
p-value=enter your response here
(Round to three decimal places as needed.)State the conclusion at
α=0.05.
Since the p-value is
than
evidence to reject
linear relationship between revenue and message rate.
less
less
greater
α,
there is
sufficient
insufficient
sufficient
H0.
Conclude there is
a
a
no
What is the value for the coefficient of determination
r2?
r2=enter your response here
(Round to two decimal places as needed.)Interpret the value of
r2
in the context of this problem.r2
is the proportion of the sample points that do not fit within the 95% confidence interval.r2
is the proportion of the total sample variability around message rate that is explained by the linear relationship between the revenue and the message rate.r2
is the proportion of the sample points that fit on the estimated linear regression line.r2
is the proportion of the total sample variability around mean revenue that is explained by the linear relationship between the revenue and the message rate.Create a 95% confidence interval for the slope
β1.
Select the correct choice below and fill in the answer box(es) if necessary.(Round to three decimal places as needed.)
β1≥enter your response here
enter your response here≤β1≤enter your response here
β1≤enter your response here
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