Question: A box office analyst seeks to predict opening weekend box office gross for movies. Toward this goal, the analyst plans to use YouTube trailer views
A box office analyst seeks to predict opening weekend box office gross for movies. Toward this goal, the analyst plans to use YouTube trailer views as a predictor. For each of the movies the YouTube trailer view count, the number of YouTube trailer views from the release of the trailer through the Saturday before a movie opens, and the opening weekend box office grossin $millions are collected and stored in the accompanying table. Complete partsa throughe below.
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Part
a Construct a scatter plot. Choose the correct graph below.
A
Trailer Views mil
Opening Gross $mil
A scatter plot has a horizontal axis labeled Trailer Views in millions from to in increments of and a vertical axis labeled Opening Gross in millions of dollars from to in increments of plotted points follow the general pattern of a line segment that rises from left to right from to Most points are within vertical units of the overall pattern. All coordinates are approximate.
B
Trailer Views mil
Opening Gross $mil
A scatter plot has a horizontal axis labeled Trailer Views in millions from to in increments of and a vertical axis labeled Opening Gross in millions of dollars from to in increments of plotted points follow the general pattern of a line segment that rises from left to right from to before following the general pattern of a line segment that rises from left to right at a sharper rate to The points and are also plotted. All coordinates are approximate.
C
Opening Gross $mil
Trailer Views mil
A scatter plot has a horizontal axis labeled Opening Gross in millions of dollars from to in increments of and a vertical axis labeled Trailer Views in millions from to in increments of plotted points follow the general pattern of a line segment that rises from left to right from to before following the general pattern of a line segment that rises from left to right at a gentler rate to The points and are also plotted. All coordinates are approximate.
D
Opening Gross $mil
Trailer Views mil
A scatter plot has a horizontal axis labeled Opening Gross in millions of dollars from to in increments of and a vertical axis labeled Trailer Views in millions from to in increments of plotted points follow the general pattern of a line segment that rises from left to right from to Most points are within vertical units of the overall pattern. All coordinates are approximate.
Part
b Assuming a linear relationship, use the leastsquares method to determine the regression coefficients b and b
b equals
enter your response here
b equals
enter your response here
Round the value of b to two decimal places as needed. Round the value of b to three decimal places as needed.
Part
c Interpret the meaning of the slope, b in this problem. Select the correct choice below and fill in the answer box to complete your choice.
Round to three decimal places as needed.
A
For each increase in opening weekend box office gross of $ million, the number of YouTube trailer views is expected to increase by
enter your response here million.
B
For each increase of million YouTube trailer views, the predicted opening weekend box office gross is expected to increase by $
enter your response here million.
C
The approximate predicted opening weekend box office gross when the number of YouTube trailer views is is $
enter your response here million.
D
The approximate YouTube trailer views when the opening weekend box office gross is $ is
enter your response here million.
Part
d Predict the mean opening weekend box office gross for a movie that had million YouTube trailer views.
The predicted mean opening weekend box office gross will be $
enter your response here million.
Round to two decimal places as needed.
Part
e What insights can be obtained about predicting opening weekend box office gross from YouTube trailer views?
A
As the number of YouTube trailer views increases, the mean opening weekend box office gross can be expected to decrease.
B
As the number of YouTube trailer views increases, the mean opening weekend box office gross can be expected to increase.
C
There is no relationship between the number of YouTube trailer views and the mean opening weekend box office gross.
D
As the mean opening weekend box office increases, the number of YouTube trailer views can be expected to increase.
E
As the mean opening weekend box office increases, the number of YouTube trailer views can be expect
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