Question

In: Statistics and Probability

please!!!!!!!!!!!!!1 To study how social media may influence the products consumers​ buy, researchers collected the opening...

please!!!!!!!!!!!!!1

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).

Q1: Determine the estimate of the standard deviation. s=?????

Q2: What is the test statistic for the​ hypotheses? t=??????

Message_Rate Revenue_($millions)
1363,3 148
1214,8 74
575,9 64
311,3 36
458,1 35
293,2 34
248,3 25
679,5 18
151,7 17
169,6 17
109,7 16
144,3 16
410,2 15
93,4 15
104,2 15
121,8 14
70,7 13
81,3 12
127,6 6
52,2 6
149,6 5
36,3 3
4,2 2

Solutions

Expert Solution

standard deviation= 68.64

t statistic= -4.03

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orchestra answered 2 years ago
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