UMMARY OUTPUT Dependent Variable Home Video Units (Thousands) Regression Statistics Multiple R 0 8964 R square 0 8036 Adjusted R Square 0 8023 Standard Error 526 93 Observations 148 ANOVA df SS MS F Significance F Regression 1 1 66E 08 1 66E 08 597 41 0 0000 Residual 146 4 05E 07 2 78E 05 Total 147 2 06E 08 Coefficients Standard Error t Stat P value Lower 95 Upper 95 Intercept 71 92 66 77 1 08 0 2832 60 04 203 87 Gross Box Office ($ Millions) 19 45 0 80 24 44 0 0000 17 88 21 02 Is the relationship between gross box office sales and home video units significant How can you tell Do you think the linear model is the best fit for the relationship Why or why not

The Answer is in the image, click to view ...

Question: UMMARY OUTPUT Dependent Variable: Home Video Units (Thousands) Regression Statistics Multiple R 0.8964 R square 0.8036 Adjusted R Square 0.8023 Standard Error 526.93 Observations 148

UMMARY OUTPUT
Dependent Variable: Home Video Units (Thousands)
Regression Statistics
Multiple R	0.8964
R square	0.8036
Adjusted R Square	0.8023
Standard Error	526.93
Observations	148
ANOVA
	df	SS	MS	F	Significance F
Regression	1	1.66E+08	1.66E+08	597.41	0.0000
Residual	146	4.05E+07	2.78E+05
Total	147	2.06E+08
	Coefficients	Standard Error	t Stat	P-value	Lower 95%	Upper 95%
Intercept	71.92	66.77	1.08	0.2832	-60.04	203.87
Gross Box Office ($ Millions)	19.45	0.80	24.44	0.0000	17.88	21.02

Is the relationship between gross box office sales and home video units significant? How can you tell? Do you think the linear model is the best fit for the relationship? Why or why not?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q6 A personnel officer in a governmental agency administered two newly developed aptitude tests to a random sample of 13 applicants for entry-level positions in the agency. For the purpose of the...

As the accountant for Irish Linens Inc, you have been analyzing the accounts to determine what activity drives the manufacturing overhead costs. The previous accountant used direct labour hours, as...

Could you please assist me....I'm not sure if I am on the right path? This is practise exam and I am totally stuck In favour of the alternative PM our of the alternative Hip . ation correlation...

What is the expected change in production volume, on average, as the number of factory workers decreases by five? Please enter the value of the expected change in production volume with ONE digit to...

Jacob runs a chain of corner stores. He has developed a regression model to predict the daily revenues (in thousands of dollars) of each store he owns. He believes that the daily revenue of a store...

The following regression output was obtained. The regression model is Test scores on student teacher ratio. When your research assistant cut and pasted the results for you, there were several vital...

Big Time Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following...

3:20 .0 5G E C Done 17 of 17 F Significance F 136.9797998 1.62431E-17 -value Lower 95% Upper 95% Lower 95.0% Upper 95.0% 0.618998774 -119.4014142 196.9683109 -119.4014142 196.9683109 3.59028E-10 0....

Assume that Frank's Golden Brown Pancake Restaurant does a regression analysis on the next year's data using Excel. The output generated by Excel is as follows: E (Click the icon to view the...

The next question(s) refer(s) to the problem setup below. A real estate agent wants to use a multiple regression model to predict the selling price of a home in thousands of dollars) using the...

Suppose we are interested in estimating the model: y = 0 + 1x1 + u. Suppose E(u|x1) = 0 and V ar(ux) = 2. We collected a random sample following the above model with size N. (a) Suppose we use only...

A The viscosity of lubricant oil used in engine is normally distributed and that the standard deviation is 12.00 mPa. s. When 49 random samples are tested, the mean viscosity is found to be 89. 00...

Hiring a Presbyterian minister to serve a Presbyterian congregation is an example of which of the following EEO concepts? Bona fide occupational qualification ( BFOQ ) Burden of proof Business...

QUESTION 1 Let A = {{a,{a}},a,}. Then: EA. True False QUESTION 2 Let A ={{a,{a}},a,}, then {a,{a}}cA O True OFalse

1 Let A = {{a,{a}},a,}. Then: EA- True False 2 Let A = {{a,{a}},a,}, then {a,{a}}CA. True False

Prove: If AUB=AC, then A=B.

Prove: A x (BNC) = (A B) N (A C)

Each of the bodies shown is homogeneous and have a mass of 30 kg. Cable A 1.2 m 0.9 m 0.6 m Cable 30 800 N/m 1.5 m B 30 30 Fig. P4.1 Fig. P4.2 Fig. P4.3 Assume friction at all contact surfaces. Draw...

Question 7 . Given the following simple maze, convert the maze into a graph. ( 5 points ) Question 8 . Implement depth first search in the maze function in homework 1 . py . ( 2 0 points ) Question 9...

Does this future have a sound, an image, a taste or a smell that you can evoke here and now?

2. In this chapter, the reader should reflect on the following concepts: benchmark-ing, competence development, thought dispositions, identity and perception.

Is it necessary to change something in your everyday life in order for you to achieve the goal?