9. Castle Rock Entertainment has produced many movies over the past few years. A vice president wants to see if there's a relationship between the total cost of a film (including production costs, salaries, and marketing expenses) and the gross income produced by the film through ticket sales in American movie theaters. A random sample of films produced the following data pairs (data source: Castle Rock Entertainment): Cost (Million of Dollars) Gross Income (Million of Dollars) 150.5 55 42 123.0 68.0 93.0 16.0 17 30 43 26 5.0 10.0 19 35 35.0 20.0 15.0 22 13 a) Find the relationship between the cost and gross income using Pearson's Product Moment Correlation Coefficient. b) Test for significance using 5% as level of significance. c) Find the regression line. d) Predict the gross income if the costs are: 52, 16.5 and 37 million dollars. e) Find the standard error of estimate

9. Castle Rock Entertainment has produced many movies over the past few years. A vice president wants to see if there's a relationship between the total cost of a film (including production costs, salaries, and marketing expenses) and the gross income produced by the film through ticket sales in American movie theaters. A random sample of films produced the following data pairs (data source: Castle Rock Entertainment): Cost (Million of Dollars) Gross Income (Million of Dollars) 150.5 55 42 123.0 68.0 93.0 16.0 17 30 43 26 5.0 10.0 19 35 35.0 20.0 15.0 22 13 a) Find the relationship between the cost and gross income using Pearson's Product Moment Correlation Coefficient. b) Test for significance using 5% as level of significance. c) Find the regression line. d) Predict the gross income if the costs are: 52, 16.5 and 37 million dollars. e) Find the standard error of estimate

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.6: Summarizing Categorical Data

Problem 10CYU

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