Question

Asked May 20, 2019

5 views

Step 1

**Solution:**

It is given that “Budget” as *x* variable and significance level of α=0.05.

The regression equation is y-cap=β_{0}+ β_{1}x, where, β_{0} is intercept and β_{1} is the slope of regression.

**Computation of regression equation:**

Step-by-step EXCEL procedure to find the regression equation is as follows.

- Go to
**Data**->**Data Analysis**. - Select “Regression” from
**Analysis Tools**and click**Ok**. - Select Y data in
**Input Y Range**and select X data in**Input X Range**. - Click Ok.

The output is as follows.

Step 2

**Coefficients and Regression equation:**

The coefficient of intercept is 21.7958 and the coefficient of *x* variable is 1.2434.

**The regression equation is y-hat=21.8+1.2x.**

Step 3

**Calculation of predicted amount that a movie will gross its budget of $100 million:**

The predicted amount that a movie will gross its budget of...

Tagged in

Find answers to questions asked by student like you

Show more Q&A

Q: An advertising executive wants to determine if a new billboard placed in a city caused sales of thei...

A: Given that we need to test to determine if a new billboard played in a city caused sales of their pr...

Q: Use this for 11-12: A student club consists of 10 girls and 10 guys. A committee of 8 is to be selec...

A: Combination Rule:A combination is a selection of all or part of a set of objects, without regard to ...

Q: Arianna Estefan manages Salmon Falls Park, which has two flagship roller coasters, the Flyer and the...

A: Given Null hypothesis : H0 : µ1 = µ2Alternate hypothesis : Ha : µ1 < µ2, where µ1 is mean numbe...

Q: Let A and B be two events with P(A) = 0.71 and P(B) = 0.44. What is the largest possible value of P(...

A: In this question, we have the value of P(A) = 0.71 and P(B) = 0.44 and we have to find the maximum v...

Q: In a fishing logde brochure, the lodge advertises that 75% of its guest catch northern pike over 20 ...

A: The provided information are:

Q: Use the normal approximation to the binominal to approximate the probabilities. A gardener buys a pa...

A: Normal approximation to the binomial:If a random variable X ~ B(n, p) in which n is large and p is c...

Q: We use the form ŷ = a + bx for the least-squares line. In some computer printouts, the least-squar...

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,...

Q: If a given line has a negative slope, then what is the sign of the slope of the line that is perpend...

A: Relationship between slopes of two perpendicular straight lines:The slopes of two lines, which are p...

Q: A politician recently made the claim that 47% of taxpayers from a certain region do not pay any inco...

A: The aim is to identify the null and alternative hypotheses for testing the claim.