A company that holds the DVD distribution rights to movies previously released only in theaters wants to

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A company that holds the DVD distribution rights to movies previously released only in theaters wants to estimate sales revenue of DVDs based on box office success. The box office gross (in $millions) for each of 22 movies in the year that they were released and the DVD revenue (in $millions) in the following year are shown below and stored in Movie.
A company that holds the DVD distribution rights to movies

For these data,
a. construct a scatter plot.
b. assuming a linear relationship, use the least-squares method to determine the regression coefficients b0 and b1.
c. interpret the meaning of the slope, b1, in this problem.
d. predict the sales revenue for a movie DVD that had a box office gross of $75 million.

Distribution
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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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