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$100100million. Use a significance level ofalpha equals 0.05α=0.05.Budget left parenthesis $ right parenthesisBudget ($)in Millionsin Millions424225251171176565757547471231236969335959122122202010101451451111 Gross left parenthesis $ right parenthesisGross ($)in Millionsin Millions123123202011111168681271271101101011011031035050113113213213262617172852855555 LOADING...Click the icon to view the critical values of the Pearson correlation coefficient r. Question content area bottomPart 1The regression equation isModifyingAbove y with caretyequals=enter your response hereplus+enter your response herex.(Round to one decimal place as needed.)Part 2The best predicted gross for a movie with a$100100million budget is$enter your response heremillion.(Round to one decimal place as needed.)

Answered: Image /qna-images/answer/fc2149e4-fb21-4947-8b05-00486a283301.jpg

Answered: Listed below are paired data consisting…

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

Budget left parenthesis $ right parenthesisBudget ($)in Millionsin Millions	4242	2525	117117	6565	7575	4747	123123	6969	33	5959	122122	2020	1010	145145	1111
Gross left parenthesis $ right parenthesisGross ($) in Millionsin Millions	123123	2020	111111	6868	127127	110110	101101	103103	5050	113113	213213	2626	1717	285285	5555