Question: The yearly data have been published showing the number of releases for each of the commercial movie studios and the gross receipts for those studios

The yearly data have been published showing the number of releases for each of the commercial movie studios and the gross receipts for those studios thus far. Based on these data, can it be concluded that there is a relationship between the number of releases and the gross receipts?

Perform the following steps.
a. Draw the scatter plot for the variables.
b. Compute the value of the correlation coefficient.
c. State the hypotheses.
d. Test the significance of the correlation coefficient at Î± = 0.05, using Table I.
e. Give a brief explanation of the type of relationship.

No. of releases 361 270 306 22 35 10 8 12 21 Gross receipts y (million $) 3844 1962 1371 1064 334 241 188 154 125

Step by Step Solution

★★★★★

3.36 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

x 1045 y 928 x 2 299315 y 2 21881839 xy 2380435 n 9 r n xy x y n x 2 x 2 n y 2 y 2 r ... View full answer

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

504-M-S-L-R (3810).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

A statistics professor believes that there is a relationship between the number of missed classes and the grade on his midterm test. After examining his records, he produced the following table of...

The AFC managers have been assuming that there is a correlation between the number of visits per month that a member makes to the center and the revenues provided by that member. Is there evidence in...

A statistics teacher is wondering if there is a relationship between the marks of students in their first-year business math course, and their marks in the second-year statistics course. She collects...

For the data in Exercises 13 in Sections 101 and 102 and 15 in Section 103, find the 90% prediction interval when x = 200 new releases. The yearly data have been published showing the number of...

Compute the standard error of the estimate for Exercise 13 in Section 101. The regression line equation was found in Exercise 13 in Section 102. The yearly data have been published showing the number...

3. The yearly data have been published showing the number of releases for each of the commercial movie studios and the gross receipts for those studios thus far. Based on these data, can it be...

For Exercises 13, 15, and 21 in Section 101, find the mean of the x and y variables. Then substitute the mean of the x variable into the corresponding regression line equations found in Exercises 13,...

Please help me with this worksheet. Thank you! 1) Use the following data for the yearly number or releases of each of the commercial movie studios and the gross receipts for those studios to answer...

Give each answer to 4 decimal places, properly rounded.Draw pictures where appropriate and be sure to define the distribution being used.Write all conclusions in complete sentences, including correct...

You decide to purchase the rental property from Project 1. Use the provided Excel template to perform the following tasks: 1. On the Amortization tab of the spreadsheet, calculate your down payment,...

This trial balance of Lagerstrom Company does not balance. Your review of the ledger reveals that each account has a normal balance. You also discover the following errors.1. The totals of the debit...

If total liabilities increased by $ 2 5 6 0 0 during a period of time and stockholders' equity decreased by $ 8 4 0 0 during the same period. then the amount and direction [ increase or decrease ) of...

Which of the answer choices shows the same block as the original? B E

Find an article that describes a statistical study, and identify the study as observational or experimental.

Select a newspaper or magazine article that involves a statistical study, and write a paper answering these questions. a. Is this study descriptive or inferential? Explain your answer. b. What are...

Roll two dice 100 times and find the mean, variance, and standard deviation of the sum of the dots. Compare the result with the theoretical results obtained in Exercise 20. In exercise Construct a...

answer with explanation (e) Derive the the Cramer-Rao lower bound (CRLB) for the variance of unbiased estimators of T(p). (f) For what functions (p) does there exist an unbiased estimator which...

2 Check my work 16 Problem 5-39 Loan Payments (LG5-9) 5 points You wish to buy a $26,000 car. The dealer offers you a 6-year loan with a 7.2 percent APR. What are the monthly payments? (Do not round...

Please help with these 3. Blue Llama Mining Company is evaluating a proposed capital budgeting project (project Sigma) that will require an initial investment of $800,000. Blue Llama Mining Company...