Listed below are the budgets (in millions of dollars) and the gross receipts (in millions of dollars) for randomly selected movies. Construct a scatterplot, find the value of the linear correlation coefficient r, and find the P-value using a = 0.05. Is there sufficient evidence to conclude that there is a linear correlation between budgets and gross receipts? Do the results change if the actual budgets listed are $61,000,000, $87,000,000, $54,000,000, and so on? Budget (x) Gross (y) 61 87 54 32 197 95 95 68 67 45 57 626 141 43 *D. Ho: p=0 O C. Ho: p#0 H,:p=0 H,: p#0 Construct a scatterplot. Choose the correct graph below. O B. OC. O D. 800- AY 800- 800- Ay 800- 0- 250 250 250 The linear correlation coefficient r is 0.915. (Round to three decimal places as needed.) The test statistic t is .00 (Round to two decimal places as needed.)

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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The image shows an exercise related to finding the linear correlation between budgets and gross receipts of movies.

### Data:
Budgets (in millions of dollars): 61, 87, 54, 32, 197, 95
Gross Receipts (in millions of dollars): 68, 67, 45, 57, 626, 141, 43

### Instructions:
- Construct a scatterplot.
- Calculate the linear correlation coefficient (r).
- Find the P-value with α = 0.05.
- Determine if there is a significant linear correlation.

### Hypotheses:
- **Null Hypothesis (H₀):** ρ = 0 (no correlation)
- **Alternative Hypothesis (H₁):** ρ ≠ 0 (correlation exists)

### Scatterplot Selection:
Students must choose the correct scatterplot from four options labeled A, B, C, D.
- **Correct Option: C** is indicated.

### Calculations:
- The linear correlation coefficient **r is 0.915**.
- The test statistic **t is not given in the image** (instructed to round to two decimal places).

### Analysis Requirement:
- Based on the linear correlation coefficient and subsequent calculations, determine if there is sufficient evidence to reject the null hypothesis.

### Graphs:
Each scatterplot presented shows a different arrangement of points based on the given data, with varying levels of correlation visually indicated.

**Note:** The actual P-value calculation and test statistic are needed for conclusions on statistical significance.
Transcribed Image Text:The image shows an exercise related to finding the linear correlation between budgets and gross receipts of movies. ### Data: Budgets (in millions of dollars): 61, 87, 54, 32, 197, 95 Gross Receipts (in millions of dollars): 68, 67, 45, 57, 626, 141, 43 ### Instructions: - Construct a scatterplot. - Calculate the linear correlation coefficient (r). - Find the P-value with α = 0.05. - Determine if there is a significant linear correlation. ### Hypotheses: - **Null Hypothesis (H₀):** ρ = 0 (no correlation) - **Alternative Hypothesis (H₁):** ρ ≠ 0 (correlation exists) ### Scatterplot Selection: Students must choose the correct scatterplot from four options labeled A, B, C, D. - **Correct Option: C** is indicated. ### Calculations: - The linear correlation coefficient **r is 0.915**. - The test statistic **t is not given in the image** (instructed to round to two decimal places). ### Analysis Requirement: - Based on the linear correlation coefficient and subsequent calculations, determine if there is sufficient evidence to reject the null hypothesis. ### Graphs: Each scatterplot presented shows a different arrangement of points based on the given data, with varying levels of correlation visually indicated. **Note:** The actual P-value calculation and test statistic are needed for conclusions on statistical significance.
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