Question
In: Statistics and Probability
Movie companies need to predict the gross receipts of individual movies once a movie has debuted....
- Movie companies need to predict the gross receipts of individual movies once a movie has debuted. The following results, stored in the table below, are the first week-end gross, the U.S. gross and the worldwide gross (in $ Million) of the eight Harry Potter movies:
|
Title |
First Weekend Gross ($ Mil) |
U.S. Gross ($ Mil) |
Worldwide Gross ($ Mil) |
|
Sorcerer’s stone |
90.295 |
317.558 |
976.458 |
|
Chamber of secrets |
88.357 |
261.988 |
878.988 |
|
Prisoner of Azkaban |
93.687 |
249.539 |
795.539 |
|
Goblet of Fire |
102.335 |
290.013 |
896.013 |
|
Order of the Phoenix |
77.108 |
292.013 |
938.469 |
|
Half- Blood Prince |
77.836 |
301.460 |
934.601 |
|
Deathly Hallows Part I |
125.017 |
295.001 |
955.417 |
|
Deathly Hallows Part I |
169.189 |
381.011 |
1328.111 |
- Construct a scatter plot with first weekend gross on the X axis and US gross on the Y axis.
- Construct a scatter plot with first weekend gross on the X axis and worldwide gross on the Y axis.
- What can you say about the relationship between first weekend gross and US gross and first weekend gross with worldwide gross?
Solutions
Expert Solution
i am using minitab to solve the problem.
a).steps for getting scatterplot:-
copy the data in two column of minitab worksheet named
contaminant level and weight 
'graph'
'scatterplot' 
'simple'
'ok'
in 'y
variables' select US gross and in 'x
variables' select first weekend gross 
'ok'.
b).steps for getting scatterplot:-
copy the data in two column of minitab worksheet named
contaminant level and weight 
'graph'
'scatterplot' 
'simple'
'ok'
in 'y
variables' worldwide gross select and in 'x variables'
select first weekend gross 
'ok'.
c).steps for calculating correlation coefficient:-
stat 
'basic
statistics'
'correlation' select the
two in variables choose
Pearson correlation'
ok.
following this i have found,correlation coefficient between first weekend gross and US gross = 0.728
correlation between first weekend gross and worldwide gross = 0.823
so,from scatterplot and correlation we can conclude there is positive relationship between first weekend gross and US gross and between first weekend gross and worldwide gross . the first weekend gross and worldwide gross are more correlated than the first weekend gross and US gross.
*** if you have any doubt regarding the problem please write it in the comment section.if you are satisfied please give me a LIKE if possible...
orchestra answered 1 year agoRelated Solutions
A movie box office gross is used to predict DVD Revenue. For a sample of 20...
A movie box office gross is used to predict DVD Revenue. For a
sample of 20 movies, an analysis of variance showed that b1 =
0.3224 and Sb1 = 0.0645.
1. At the 0.05 level of significance, is there evidence of a
linear relationship between box office gross and DVD Revenue?
2. Construct a 95% confidence interval estimate of the
population slope, B1.
Answer the following:
tSTAT=
Critical value(s) is(are)?
The 95% confidence interval is?
The owner of a movie theater company would like to predict weekly gross revenue as a...
The owner of a movie theater company would like to predict
weekly gross revenue as a function of advertising expenditures.
Historical data for a sample of eight weeks follow.
Weekly
Gross
Revenue
($1,000s)
Television
Advertising
($1,000s)
Newspaper
Advertising
($1,000s)
96
5
1.5
90
2
2
95
4
1.5
93
2.5
2.5
95
3
3.3
94
3.5
2.2
94
2.5
4.1
94
3
2.5
(a)
Use α = 0.01 to test the hypotheses
H0:
β1 = β2 = 0
Ha:
β1...
The owner of a movie theater company would like to predict weekly gross revenue as a...
The owner of a movie theater company would like to predict
weekly gross revenue as a function of advertising expenditures.
Historical data for a sample of eight weeks follow.
Weekly
Gross
Revenue
($1,000s)
Television
Advertising
($1,000s)
Newspaper
Advertising
($1,000s)
96
5
1.5
91
2
2
95
4
1.5
93
2.5
2.5
95
3
3.3
94
3.5
2.3
94
2.5
4.1
94
3
2.5
(a)
Use α = 0.01 to test the hypotheses
H0:
β1 = β2 = 0
Ha:
β1...
The owner of a movie theater company would like to predict weekly gross revenue as a...
The owner of a movie theater company would like to predict
weekly gross revenue as a function of advertising expenditures.
Historical data for a sample of eight weeks follow.
Weekly
Gross
Revenue
($1,000s)
Television
Advertising
($1,000s)
Newspaper
Advertising
($1,000s)
96
5
1.5
90
2
2
95
4
1.5
93
2.5
2.5
95
3
3.3
94
3.5
2.3
94
2.5
4.1
94
3
2.5
1. Use α = 0.01 to test the hypotheses
H0:
β1 = β2 = 0
Ha:
β1...
A box office analyst seeks to predict opening weekend box office gross for movies. Toward this...
A box office analyst seeks to predict opening weekend box office
gross for movies. Toward this goal, the analyst plans to use
online trailer views as a predictor. For each of the 66 movies,
the number of online trailer views from the release of the trailer
through the Saturday before a movie opens and the opening weekend
box office gross (in millions of dollars) are collected and
stored in the accompanying table. A linear regression was performed
on these data,...
The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a...
The owner of Showtime Movie Theaters, Inc., would like to
predict weekly gross revenue as a function of advertising
expenditures. Historical data for a sample of eight weeks follow
has been collected in the Microsoft Excel Online file below. Open
the spreadsheet and perform the required analysis to answer the
questions below.
Weekly Gross Revenue ($1000s)
Television Advertising ($1000s)
Newspaper Advertising($1000s)
97
6
1.5
91
2
2
96
5
1.5
93
2.5
2.5
95
4
3.3
94
3.5
2.3
95...
The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a...
The owner of Showtime Movie Theaters, Inc., would like to
predict weekly gross revenue as a function of advertising
expenditures. Historical data for a sample of eight weeks follow.
Weekly Gross Revenue ($1000s) Televison Advertising ($1000s)
Newspaper Advertising ($1000s) 97 5 1.5 90 2 3 96 4 2.5 92 2.5 2.5
95 3 3.3 95 3.5 2.3 95 2.5 4.2 95 3 3.5 Use = .01 to test the
hypotheses for the model y = 0 + 1 x 1...
The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a...
The owner of Showtime Movie Theaters, Inc., would like to
predict weekly gross revenue as a function of advertising
expenditures. Historical data for a sample of eight weeks
follow.
Weekly Gross Revenue ($1000s)
Televison Advertising ($1000s)
Newspaper Advertising ($1000s)
97
5
1.5
90
2
3
96
4
2.5
93
3.5
2.5
96
3
4.3
94
3.5
2.3
95
2.5
5.2
95
3
3.5
a. Use to test the hypotheses
and/or is not equal to zero
for the model , where
television advertising...
The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a...
The owner of Showtime Movie Theaters, Inc., would like to
predict weekly gross revenue as a function of advertising
expenditures. Historical data for a sample of eight weeks
follow.
Weekly
Gross
Revenue
($1,000s)
Television
Advertising
($1,000s)
Newspaper
Advertising
($1,000s)
96
5.0
1.5
90
2.0
2.0
95
4.0
1.5
92
2.5
2.5
95
3.0
3.3
94
3.5
2.3
94
2.5
4.2
94
3.0
2.5
(a)
Develop an estimated regression equation with the amount of
television advertising as the independent variable. (Round...
The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a...
The owner of Showtime Movie Theaters, Inc., would like to
predict weekly gross revenue as a function of advertising
expenditures. Historical data for a sample of eight weeks
follow.
Weekly
Gross
Revenue
($1,000s)
Television
Advertising
($1,000s)
Newspaper
Advertising
($1,000s)
96
5.0
1.5
90
2.0
2.0
95
4.0
1.5
92
2.5
2.5
95
3.0
3.3
94
3.5
2.3
94
2.5
4.2
94
3.0
2.5
(a)
Develop an estimated regression equation with the amount of
television advertising as the independent variable. (Round...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Training and Development assignment. Describe the usage of Computer Based Training (CBT) in McDonald's Company training...
- PUT IN JAVA PROGRAMMING LANGUAGE The Rectangle class: Design a class named Rectangle to represent a...
- Journal article summary on inter-group conflict Peer Reviewed Journal article from past 3 years. Please include...
- "Ethical Considerations" Please respond to the following: Reflect upon the responsibilities placed on auditors by the...
- A Japanese company has a bond outstanding that sells for 93 percent of its ¥100,000 par...
- What is the difference among the principles of modularization, abstraction, encapsulation, and separation of interface and...
- An investment project costs $20,100 and has annual cash flows of $4,400 for six years. ...
ADVERTISEMENT