Listed below are paired data consisting of movie budget amounts and the amounts that the movies grossed. Find the regression equation, letting the budget be the predictor (x) variable. Find the best predicted amount that a movie will gross if its budget is $120 million. Use a significance level of alpha equals 0.05. a. The regression equation is y= (Round to one decimal place as needed.) b. The best predicted gross for a movie with a $120 million budget is million. (Round to one decimal place as needed.)
Listed below are paired data consisting of movie budget amounts and the amounts that the movies grossed. Find the regression equation, letting the budget be the predictor (x) variable. Find the best predicted amount that a movie will gross if its budget is $120 million. Use a significance level of alpha equals 0.05. a. The regression equation is y= (Round to one decimal place as needed.) b. The best predicted gross for a movie with a $120 million budget is million. (Round to one decimal place as needed.)
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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Listed below are paired data consisting of movie budget amounts and the amounts that the movies grossed. Find the regression equation, letting the budget be the predictor (x) variable. Find the best predicted amount that a movie will gross if its budget is $120 million. Use a significance level of alpha equals 0.05.
a. The regression equation is
y=
(Round to one decimal place as needed.)
b. The best predicted gross for a movie with a
million.
$120 million budget is
(Round to one decimal place as needed.)
Transcribed Image Text:Budget ($)in Millions
Gross ($)
37
22
117
70
74
50
118
63
11
61
125
20
154
7 D
126
6
97
59
124
112
94
101
49
108
204
24
16
296
49
in Millions
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