randomly selected movies. Answer parts a-c Listed below are the budgots (in mill

Question

randomly selected movies. Answer parts a-c Listed below are the budgots (in millions of dollars) and the gross receipts (in millions of dollars) for Budget (k) 6092 48 33192 61 61 48 61 593 303 10 8 145 Gross (y) Click here to view a table of critical values for t a. Find the value of the linear correlation coefficient r (Round to three decimal places as needed) b. Find the critical values of r from the table showing the critical values for the Pearson correlation coefficient using a 005 The crtical values are(Round to three decimal places as needed ) c. Is there sufficient evidence to conclude that there is a linear correlation between the two variables? o A. ?8. C. 0 D. Yes, because the absolute value of the correlation coefficient is less than the critical value Yes, because the absolute value of the correlation coticent is greater than the critical value No, because the absolute value of the correlation coefficient is greater than the critical value No, because the absolute value of the correlation coemoert is less than the critical value

Explanation / Answer

The statistical software output for this problem is:

Correlation between x and y is:
0.91310461

Hence,

a) r = 0.913

b) Critical value = + 0.764

c) Option B is correct.

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