Briefly characterize the correlation in words and estimate the correlation coefficient ...

profileguru2009
 (Not rated)
 (Not rated)
Chat

  

This is movie data!! (Total receipts) y-variable : 5, 4.8, 4.9, 5.2 , 5.4, 5.5 , 5.9, 6.4 , 7.0, 7.5, 7.7 , 8.4 , 9.5 (Total attendance) X-variable : 1.18 , 1.14, 1.17, 1.24, 1.29, 1.26, 1.34, 1.39, 1.48, 1.47, 1.43, 1.49, 1.64 Question A) Briefly characterize the correlation in words and estimate the correlation coefficient. B) How does the fact that the price of movies has increased from 1990 to 2002 affect these data ? and if you were a movie executive, what general conclusions from these data would be important to you?

    • 8 years ago
    The correlation coefficient is r = 0.9621. This high value implies that ...
    NOT RATED

    Purchase the answer to view it

    blurred-text
    • attachment
      ThisismoviedataTotalreceiptsy-variable.doc