A movie studio wishes to determine the relationship between the revenue from rental of comedies on streaming services and the revenue generated from thetheatrical release of such movies. The studio has the following bivariate data from a sample of fifteen comedies released over the past five years. These datagive the revenue x from theatrical release (in millions of dollars) and the revenue y from streaming service rentals (in millions of dollars) for each of the fifteenmovies. Also shown are the scatter plot and the least-squares regression line for the data. The equation for this line is y = 3.58 +0.15x.Theater revenue, x(in millions of dollars)26.436.743.531.660.414.821.349.37.724.827.812.960.626.466.4Send data to calculator VRental revenue, y(in millions of dollars)8.112.46.85.115.42.65.816.52.29.13.39.810.811.79.6Based on the studio's data and the regression line, complete the following.Rental revenuein millions of dollars)0X10X20Theater revenue(in millions of dollars)(a) For these data, values for rental revenue that are less than the mean of the values for rental revenue tend to bepaired with values for theater revenue that are (Choose one) ▼ the mean of the values for theater revenue.(b) According to the regression equation, for an increase of one million dollars in theater revenue, there is acorresponding increase of how many million dollars in rental revenue?X

The given regression equation is y^=3.58+0.15x.

Based on the studio's data and the regression line, complete the following. (a) For these data, values for rental revenue that are less than the mean of the values for rental revenue tend to be paired with values for theater revenue that are (Choose one) the mean of the values for theater revenue. (b) According to the regression equation, for an increase of one million dollars in theater revenue, there is a corresponding increase of how many million dollars in rental revenue?

Based on the studio's data and the regression line, complete the following. (a) For these data, values for rental revenue that are less than the mean of the values for rental revenue tend to be paired with values for theater revenue that are (Choose one) the mean of the values for theater revenue. (b) According to the regression equation, for an increase of one million dollars in theater revenue, there is a corresponding increase of how many million dollars in rental revenue?

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

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.5: Correlation And Causation

Problem 24PFA

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