Use the following table displaying 20 of the top (era-adjusted)grossing movies of all time, along with their Metacritic score (aweighted average of critics ratings), the amount of money theygrossed (weighted for the year of release, in millions of dollars),and an indicator of whether or not the movie is a sequel to answerthe following questions. You will need to use StatCrunch for thisquestion.
Title | Metacritic | Adj_Gross | Sequel |
Gone with the Wind | 97 | 1895.422 | No |
Star Wars | 90 | 1668.98 | No |
The Sound of Music | 63 | 1335.086 | No |
E.T. the Extra-Terrestrial | 91 | 1329.175 | No |
Titanic | 75 | 1270.102 | No |
Jaws | 87 | 1200.098 | No |
Doctor Zhivago | 69 | 1163.15 | No |
The Exorcist | 81 | 1036.315 | No |
Snow White and the Seven Dwarfs | 95 | 1021.33 | No |
Star Wars: The Force Awakens | 80 | 1013.038 | Yes |
One Hundred and One Dalmatians | 83 | 936.2251 | No |
The Empire Strikes Back | 82 | 919.2448 | Yes |
Ben-Hur | 90 | 918.6995 | No |
Avatar | 83 | 911.791 | No |
Avengers: Endgame | 78 | 892.6696 | Yes |
Return of the Jedi | 58 | 881.3366 | Yes |
Jurassic Park | 68 | 858.8936 | No |
Star Wars: Episode I - The Phantom Menace | 51 | 846.2244 | Yes |
The Lion King | 88 | 835.3018 | No |
The Sting | 83 | 835.269 | No |
a) Find the correlation between the Metacritic and Adj_Grossvariables. Describe the strength and direction of thecorrelation.
b) Does having a higher Metacritic score have more an impact ongross revenue for original movies (non-sequels) or sequels? Putanother way, does an increase of 1 in the Metacritic variable addmore value to sequels or non-sequels? Justify your answer. Youshould be finding two different regression equations to answer thisquestion.
c) Let’s say a new movie came out that received a Metacriticscore of 89. Using your regression equations, how much money wouldit be expected to make if it is a sequel? How much money would itbe expected to make if it is not a sequel?