MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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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).
 
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
 
The least squares regression equation is
y=enter your response here+enter your response herex.
​(Round to three decimal places as​ needed.)
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
less
less
greater
than
α​,
there is
sufficient
insufficient
sufficient
evidence to reject
H0.
Conclude there is
a
a
no
linear relationship between revenue and message rate.
 
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.
 
 
A.
r2
is the proportion of the sample points that do not fit within the​ 95% confidence interval.
 
B.
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.
 
C.
r2
is the proportion of the sample points that fit on the estimated linear regression line.
 
D.
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.)
 
A.
β1≥enter your response here
 
B.
enter your response here≤β1≤enter your response here
 
C.
β1≤enter your response here
 
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