Answered: E Readin Return Next 4 points…

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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Transcribed Image Text:oss.instructure.com/courses/163890/external_tools/retrieve?display=fullLwidth&url=https%3A%2F%2Fhcpss.quiz-Iti-iad-pr. * 国Readin Return Next 4 points StatCrunch researchers collected data on over 5,000 movies made in the USA. They found that as the budget of the movie increased, so did the domestic gross box office. The relationship between the variables was found to be approximately linear and the residual plot showed random scatter. The variables were converted to millions of dollars. Here is the computer output. Predictor Coef SE Coef Constant 7.28 0.875 8,321 <0.0001 Domestic Gross 1.222 0.0166 67.117 <0.0001 S = 49.79 R-Sq = 46.3% R-Sq (adj) = 48.1% a) Write the regression equation. Define the variables of your equation. b) Interpret the slope in context. c.) Interpret R² in context. d.) The movie Avatar was incredibly expensive to make with a budget of $425 million. However, it was also very successful in the box office with a domestic gross of $761 million. Find and interpret the residual for this movie. T. Drag n' Drop here or Browse Sign out I 11:36 acer

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