Listed below are paired data consisting of movie budget amounts and the amounts that the movies grossed. Find the regression equation, letting the budget be the predictor (x) variable. Find the best predicted amount that a movie will gross if its budget is $100 million. Use a significance level of a = 0.05. Budget ($)in Millions Gross ($) in Millions 53 122 63 60 129 17 10 149 20 44 27 116 72 79 112 11 101 67 129 113 101 91 56 107 212 40 281 47 Click the icon to view the critical values of the Pearson correlation coefficient r. The regression equation is y =+x. (Round to one decimal place as needed.) %3D

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 2ECP
icon
Related questions
icon
Concept explainers
Question
Listed below are paired data consisting of movie budget amounts and the amounts that the movies grossed. Find the regression equation, letting the budget be
the predictor (x) variable. Find the best predicted amount that a movie will gross if its budget is $100 million. Use a significance level of a = 0.05.
Budget ($)in Millions
Gross ($)
in Millions
44
27
116
72
79
53
122
63
60
129
17
10
149
20
112
11
101
67
129
113
101
91
56
107
212
40
7
281
47
Click the icon to view the critical values of the Pearson correlation coefficient r.
The regression equation is y =+x.
(Round to one decimal place as needed.)
Transcribed Image Text:Listed below are paired data consisting of movie budget amounts and the amounts that the movies grossed. Find the regression equation, letting the budget be the predictor (x) variable. Find the best predicted amount that a movie will gross if its budget is $100 million. Use a significance level of a = 0.05. Budget ($)in Millions Gross ($) in Millions 44 27 116 72 79 53 122 63 60 129 17 10 149 20 112 11 101 67 129 113 101 91 56 107 212 40 7 281 47 Click the icon to view the critical values of the Pearson correlation coefficient r. The regression equation is y =+x. (Round to one decimal place as needed.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 4 images

Blurred answer
Knowledge Booster
Correlation, Regression, and Association
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning