(g) Suppose a new movie (based on an epic novel) has just been released. Production costs were x2 = 11.4 million; promotion costs were x3 = 4.7 million; book sales were x4 = 8.1 million. Make a prediction for x1 = first-year box office receipts and find an 85% confidence interval for your prediction (if your software supports prediction intervals). (Use 1 decimal place.)prediction lower limit upper limit (h) Construct a new regression model with x3 as the response variable and x1, x2, and x4 as explanatory variables. (Use 2 decimal places.)x3 =+ x1+ x2+ x4Suppose Hollywood is planning a new epic movie with projected box office sales x1 = 100 million and production costs x2 = 12 million. The book on which the movie is based had sales of x4 = 9.2 million. Forecast the dollar amount (in millions) that should be budgeted for promotion costs x3 and find an 80% confidence interval for your prediction.prediction lower limit upper limit

(g) The following procedure is used to find the predicted value for the response and the 85%…

Answered: (g) Suppose a new movie (based on an…

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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(g) Suppose a new movie (based on an epic novel) has just been released. Production costs were x₂ = 11.4 million; promotion costs were x₃ = 4.7 million; book sales were x₄ = 8.1 million. Make a prediction for x₁ = first-year box office receipts and find an 85% confidence interval for your prediction (if your software supports prediction intervals). (Use 1 decimal place.)

prediction
lower limit
upper limit

(h) Construct a new regression model with x₃ as the response variable and x₁, x₂, and x₄ as explanatory variables. (Use 2 decimal places.)

x₃ =

+ x₁

+ x₂

+ x₄

Suppose Hollywood is planning a new epic movie with projected box office sales x₁ = 100 million and production costs x₂ = 12 million. The book on which the movie is based had sales of x₄ = 9.2 million. Forecast the dollar amount (in millions) that should be budgeted for promotion costs x₃ and find an 80% confidence interval for your prediction.

prediction
lower limit
upper limit

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