Movie companies need to predict the gross receipts of individual movies once a movie has debuted. The following results, stored in are the first weekend gross, the U.S. gross, and the worldwide gross (in $millions) of the eight Harry Potter movies:
b. Compute the coefficient of correlation between first weekend gross and U.S. gross, first weekend gross and worldwide gross, and U.S. gross and worldwide gross.
c. Which do you think is more valuable in expressing the relationship between first weekend gross, U.S. gross, and worldwide gross-the covariance or the coefficient of correlation? Explain.
d. Based on (a) and (b), what conclusions can you reach about the relationship between first weekend gross, U.S. gross, and worldwide gross?
This question was answered on: Jul 11, 2017
Need a similar solution fast, written anew from scratch? Place your own custom order
We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.