Cost (Million of Dollars) Gross Income (Million of Dollars) 150.5 123.0 68.0 93.0 55 42 17 30 43 16.0 26 5.0 19 10.0 35 35.0 22 20.0 13 15.0 a) Find the relationship between the cost and gross income using Pearson's Product Moment Correlation Coefficient. b) Test for significance using 5% as level of significance. c) Find the regression line. d) Predict the gross income if the costs are: 52, 16.5 and 37 million dollars. e) Find the standard error of estimate
Cost (Million of Dollars) Gross Income (Million of Dollars) 150.5 123.0 68.0 93.0 55 42 17 30 43 16.0 26 5.0 19 10.0 35 35.0 22 20.0 13 15.0 a) Find the relationship between the cost and gross income using Pearson's Product Moment Correlation Coefficient. b) Test for significance using 5% as level of significance. c) Find the regression line. d) Predict the gross income if the costs are: 52, 16.5 and 37 million dollars. e) Find the standard error of estimate
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Answer d & e only
Transcribed Image Text:9. Castle Rock Entertainment has produced many movies over the past few years. A vice
president wants to see if there's a relationship between the total cost of a film (including
production costs, salaries, and marketing expenses) and the gross income produced by the film
through ticket sales in American movie theaters. A random sample of films produced the
following data pairs (data source: Castle Rock Entertainment):
Cost (Million of Dollars)
Gross Income (Million of Dollars)
150.5
55
42
123.0
68.0
93.0
16.0
17
30
43
26
5.0
10.0
19
35
35.0
20.0
15.0
22
13
a) Find the relationship between the cost and gross income using Pearson's Product Moment
Correlation Coefficient.
b) Test for significance using 5% as level of significance.
c) Find the regression line.
d) Predict the gross income if the costs are: 52, 16.5 and 37 million dollars.
e) Find the standard error of estimate
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