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 $105 million. Use a significance level of a = 0.05. Budget ($)in Millions Gross ($) in Millions 45 19 118 69 73 49 124 70 7 63 126 18 10 147 117 17 100 57 124 112 101 103 64 111 218 43 23 287 49 Click the icon to view the critical values of the Pearson correlation coefficient r. The regression equation is y =+ x. (Round to one decimal place as needed.) y 3D

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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
$105 million. Use a significance level of a = 0.05.
Budget ($)in Millions
Gross ($)
in Millions
45
19
118
69
73
49
124
70
7
63
126
18
10
147
117
17
100
57
124
112
101
103
64
111
218
43
23
287
49
Click the icon to view the critical values of the Pearson correlation coefficient r.
The regression equation is y =+ x.
(Round to one decimal place as needed.)
Transcribed Image Text: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 $105 million. Use a significance level of a = 0.05. Budget ($)in Millions Gross ($) in Millions 45 19 118 69 73 49 124 70 7 63 126 18 10 147 117 17 100 57 124 112 101 103 64 111 218 43 23 287 49 Click the icon to view the critical values of the Pearson correlation coefficient r. The regression equation is y =+ x. (Round to one decimal place as needed.)
Critical Values of the Pearson Correlation Coefficient r
NOTE: To test Ho:p= 0
against H,: p#0, reject Ho
if the absolute value of r is
greater than the critical
value in the table.
a = 0.05
0.950
0.878
0.811
0.754
0.707
0.666
0.632
0.602
0.576
0.553
a = 0.01
0.990
0.959
0.917
0.875
0.834
0.798
0.765
0.735
0.708
0.684
0.661
0.641
In
4
18
19
10
11
12
13
14
15
16
0.532
0.514
0.497
0.482
0.468
0.456
0.444
0.396
0.361
0.335
0.312
0.294
0.279
0.254
0.236
0.623
0.606
0.590
0.575
0.561
0.505
0.463
0.430
0.402
0.378
0.361
0.330
0.305
17
18
19
20
25
30
35
40
45
50
60
70
Transcribed Image Text:Critical Values of the Pearson Correlation Coefficient r NOTE: To test Ho:p= 0 against H,: p#0, reject Ho if the absolute value of r is greater than the critical value in the table. a = 0.05 0.950 0.878 0.811 0.754 0.707 0.666 0.632 0.602 0.576 0.553 a = 0.01 0.990 0.959 0.917 0.875 0.834 0.798 0.765 0.735 0.708 0.684 0.661 0.641 In 4 18 19 10 11 12 13 14 15 16 0.532 0.514 0.497 0.482 0.468 0.456 0.444 0.396 0.361 0.335 0.312 0.294 0.279 0.254 0.236 0.623 0.606 0.590 0.575 0.561 0.505 0.463 0.430 0.402 0.378 0.361 0.330 0.305 17 18 19 20 25 30 35 40 45 50 60 70
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