Find the regression equation (rounding values to 2 places), letting the first variable be the independent variable x. Use the regression equation values to find the best predicted gross amount for a movie with a budget of 50 million dollars. Hint: Use the exact regression values to find an accurate predicted value and then round your answer. In the table below, all amounts are in millions of dollars. Budget 68 199 83 89 71 44 53 38 Gross 68 605 67 59 62 53 60 64
Find the regression equation (rounding values to 2 places), letting the first variable be the independent variable x. Use the regression equation values to find the best predicted gross amount for a movie with a budget of 50 million dollars. Hint: Use the exact regression values to find an accurate predicted value and then round your answer. In the table below, all amounts are in millions of dollars. Budget 68 199 83 89 71 44 53 38 Gross 68 605 67 59 62 53 60 64
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 14PPS
Related questions
Question
Find the regression equation (rounding values to 2 places), letting the first variable be the independent variable x.
Use the regression equation values to find the best predicted gross amount for a movie with a budget of 50 million dollars. Hint: Use the exact regression values to find an accurate predicted value and then round your answer.
In the table below, all amounts are in millions of dollars.
| Budget | 68 | 199 | 83 | 89 | 71 | 44 | 53 | 38 |
| Gross | 68 | 605 | 67 | 59 | 62 | 53 | 60 | 64 |
Y = + X
y50+
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning