Consider the following to answer the question(s) below:
Consider the following scatter diagram for 24 of the top grossing movies of all time. The data include the highest grossing films for which world box office receipts and budgets were available. The top two were Avatar and Titanic.
-Which statement is true?
A) The data contain points which are high leverage, influential, and which would have large residuals.
B) The data contain points which are high leverage, not influential, and which would have large residuals.
C) The data contain points which are not high leverage, are influential, and which would have large residuals.
D) The data contain points which are not high leverage, not influential, and which would have large residuals.
E) None of the above statements can be made.
Correct Answer:
Verified
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