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Value of the simple correlation between tickets and cost

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Reference no: EM132138230

The statistical and regression questions are listed below:

  1. What is the value of the simple correlation between TICKETS and COST?
  2. If you are able to determine the answer, is showing the film in more theatres associated with higher ticket sales (with cost and holiday opening held constant) with α = 0.05? (Justify your response).
  3. If you are able to determine the answer, do higher cost movies have higher ticket sales (with THEATRE, HOLIDAY and movie genre held constant) with α = 0.05? (Justify your response).
  4. If you are able to determine the answer, do movies opening on holiday weekends have different ticket sales than those opening on non-holiday weekends (with COST held constant) with α = 0.05? (Justify your response).
  5. Interpret the coefficient for COST in Model 1 (that is, interpret the estimated value of 0.0944 without considering whether or not this value is "statistically significant").

Reference no: EM132138230

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