Use the following table displaying 20 of the top (era-adjusted) grossing movies of all time, along...

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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.

TitleMetacriticAdj_GrossSequel
Gone with the Wind971895.422No
Star Wars901668.98No
The Sound of Music631335.086No
E.T. the Extra-Terrestrial911329.175No
Titanic751270.102No
Jaws871200.098No
Doctor Zhivago691163.15No
The Exorcist811036.315No
Snow White and the Seven Dwarfs951021.33No
Star Wars: The Force Awakens801013.038Yes
One Hundred and One Dalmatians83936.2251No
The Empire Strikes Back82919.2448Yes
Ben-Hur90918.6995No
Avatar83911.791No
Avengers: Endgame78892.6696Yes
Return of the Jedi58881.3366Yes
Jurassic Park68858.8936No
Star Wars: Episode I - The Phantom Menace51846.2244Yes
The Lion King88835.3018No
The Sting83835.269No

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?

Answer & Explanation Solved by verified expert
4.3 Ratings (901 Votes)
Here the given data can be tabulated as followsa Find the correlation between the Metacriticand AdjGross variables Describe the strength and direction of thecorrelationWe can visualize the correlation between the variablesMetacritic and AdjGrossvariables using a scatterplot To find the correlation between the variablesMetacritic and AdjGross we usethe following formulaequation Aie CorrelationCoVariance betweenMetacritic and AdjGross Variance of Metacritic Variance ofAdjGross12now CoVariance betweenMetacritic and AdjGross can begiven by the    See Answer
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