13.73 Can you use movie critics' opinions to forecast box office receipts on the opening weekend? The following data, stored in Tomatometer , indicate the Tomatometer rating, the percentage of...


I NEED HELP WITH G-I


13.73 Can you use movie critics' opinions to forecast box office<br>receipts on the opening weekend? The following data, stored in<br>Tomatometer , indicate the Tomatometer rating, the percentage<br>of professional critic reviews that are positive, and the receipts<br>per theater (Sthousands) on the weekend a movie opened for<br>10 movies:<br>Movie<br>Tomatometer Rating<br>Receipts<br>The Mummy<br>16<br>7.8<br>Zookeeper's Wife<br>61<br>6.1<br>Beatriz at Dinner<br>80<br>28.4<br>The Hero<br>76<br>11.3<br>Wonder Woman<br>93<br>24.8<br>Baby Boss<br>52<br>13.3<br>The Circle<br>15<br>2.9<br>Dean<br>61<br>4.0<br>Ваywatch<br>20<br>5.1<br>Churchill<br>38<br>1.9<br>Source:

Extracted text: 13.73 Can you use movie critics' opinions to forecast box office receipts on the opening weekend? The following data, stored in Tomatometer , indicate the Tomatometer rating, the percentage of professional critic reviews that are positive, and the receipts per theater (Sthousands) on the weekend a movie opened for 10 movies: Movie Tomatometer Rating Receipts The Mummy 16 7.8 Zookeeper's Wife 61 6.1 Beatriz at Dinner 80 28.4 The Hero 76 11.3 Wonder Woman 93 24.8 Baby Boss 52 13.3 The Circle 15 2.9 Dean 61 4.0 Ваywatch 20 5.1 Churchill 38 1.9 Source: "Top Box Office Movies – Rotten Tomatoes," and "The Numbers - Weekend Box Office Chart for May 26th 2017," bit.ly/2t0tqS6. a. Use the least-squares method to compute the regression coeffi- cients b, and bj. b. Interpret the meaning of b, and b, in this problem. c. Predict the mean receipts for a movie that has a Tomatometer rating of 55%. d. Should you use the model to predict the receipts for a movie that has a Tomatometer rating of 5%? Why or why not? e. Determine the coefficient of determination, r², and explain its meaning in this problem. f. Perform a residual analysis. Is there any evidence of a pattern in the residuals? Explain. g. At the 0.05 level of significance, is there evidence of a linear relationship between Tomatometer rating and receipts? h. Construct a 95% confidence interval estimate of the mean receipts for a movie that has a Tomatometer rating of 55% and a 95% prediction interval of the receipts for a single movie that has a Tomatometer rating of 55%. i. Based on the results of (a)–(h), do you think that Tomatometer rating is a useful predictor of receipts on the first weekend a movie opens? What issues about these data might make you hesitant to use Tomatometer rating to prediet receipts?
Jun 11, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here