Movie companies need to predict the gross receipts of an individual movie once the movie has debuted.

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Movie companies need to predict the gross receipts of an individual movie once the movie has debuted. The following results (stored in Potter Movies) are the first weekend gross, the U.S. gross, and the worldwide gross (in $mil-lions) of the eight Harry Potter movies that debuted from 2001 to 2011:
Movie companies need to predict the gross receipts of an

a. Compute the coefficient of correlation between first weekend gross and U.S. gross, first weekend gross and worldwide gross, and U.S. gross and worldwide gross.
b. At the 0.05 level of significance, is there a significant linear relationship between first weekend gross and U.S. gross, first weekend gross and worldwide gross, and U.S. gross and worldwide gross?

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Statistics For Managers Using Microsoft Excel

ISBN: 9780133130805

7th Edition

Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

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