A study of Hollywood movies found a regression equation to predict world gross income based onproduction budgetA 95% confidence interval for world gross income for a movie with a production budget of 25 millionequals (30.99,91.18) million.How do you interpret this interval?O Ninety five percent of movies that have a production budget of 25 million have a world gross income between30.99 and 91.18 million dollars.O The average world gross income of Hollywood movies is between 30.98 and 91.18 million dollars, with 95%confidence.O We are 95% confident that the population mean world gross income for Hollywood movies with a 25 milliondollar production budget is between 30.99 and 91.18 million dollars.We are 95% confident that the sample mean world gross income for Hollywood movies with a 25 milliondollar production budget is between 30.99 and 91.18 million dollars.

We have given that,A 95% confidence interval for world gross income for a movie with a production…

Answered: A study of Hollywood movies found a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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