Relationship between movie ticket sales and book sales

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A media company is investigating the relationship between movie ticket sales and book sales. The company has gathered information on 30 movies that were based on published books, with total movie ticket sales of $7,058 million. Three-year sales of each movie’s corresponding book totaled $3,136 million. When each movie’s ticket sales is squared and these numbers summed together, the resulting value is $1,885,412 million, while squaring and summing together the corresponding 3-year book sales results in $551,300 million. Multiplying each movie’s ticket sales by its 3-year book sales and summing these values equals $872,486 million. What are the correlation coefficient and the coefficient of determination for this hypothesized relationship between movie ticket sales and book sales?

Reference no: EM131486531

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