Refer to the International Conference on Web Intelligence and Intelligent Agent Technology (2010) study of how social media (e.g., Twitter.com) may influence the products consumers buy, Recall that opening weekend box office revenue (in millions of dollars) and tweet rate (average number of tweets referring to the movie per hour) were collected for a sample of 23 recent movies. The data are reproduced in the table. Conduct a complete simple linear regression analysis of the relationship between revenue (y) and tweet rate (x). Write all your conclusions in the words of the problem.
Tweet Rate Revenue (millions)
1365.8 ................................ 142
1212.8 ................................ 77
581.5 .................................. 61
310.1 .................................. 32
455 .................................... 31
290 .................................... 30
250 .................................... 21
680.5 .................................. 18
150 .................................... 18
164.5 ................................. 17
113.9 ................................. 16
144.5 ................................. 15
418 ................................... 14
98 .................................... 14
100.8 ................................. 12
115.4 ................................. 11
74.4 .................................. 10
87.5 .................................. 9
127.6 ................................. 9
52.2 .................................. 9
144.1 ................................ 8
41.3 .................................. 2
2.75 ................................. 0.3
For information: Exercise 11.23.