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  3. to study how social media may influence the produc

To study how social media may influence the products consumers​ buy, researchers collected the opening weekend...

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Statistics

To study how social media may influence the products consumers​buy, researchers collected the opening weekend box office revenue​(in millions of​ dollars) for 23 recent movies and the social mediamessage rate​ (average number of messages referring to the movieper​ hour). The data are available below. Conduct a complete simplelinear regression analysis of the relationship between revenue​ (y)and message rate​ (x).

Message Rate

Revenue​ ($millions)

1363.2

146

1219.2

79

681.2

67

583.6

37

454.7

35

413.9

34

306.2

21

289.8

18

245.1

18

163.9

17

148.9

16

147.4

15

147.3

15

123.6

14

118.1

13

108.9

13

100.1

12

90.3

11

89.1

6

70.1

6

56.2

5

41.6

3

8.4

1

The least squares regression equation is ModifyingAbove y withcaret=________+ ( _______ )x. ​(Round to three decimal places as​needed.)

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Message Rate XRevenue millions YX    See Answer
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