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 $115 million. Use a significance level of α=0.05.
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 $115 million. Use a significance level of α=0.05.
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
$115
million. Use a significance level of
α=0.05.
|
Budget ($)in Millions
|
44
|
27
|
114
|
66
|
78
|
50
|
117
|
62
|
2
|
65
|
127
|
15
|
10
|
154
|
9
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Gross ($)
in Millions
|
120
|
7
|
105
|
63
|
122
|
108
|
103
|
105
|
45
|
114
|
205
|
32
|
25
|
299
|
38
|
|
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The regression equation is
y=
(Round to one decimal place as needed.)
The best predicted gross for a movie with a
$115
million budget is
$enter your response here
million.(Round to one decimal place as needed.)
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