Compute the standard error of the estimate for Exercise 13 in Section 10€“1. The regression line equation was found in Exercise 13 in Section 10€“2.
The yearly data have been published showing the number of releases for each of the commercial movie studios and the gross receipts for those studios thus far. Based on these data, can it be concluded that there is a relationship between the number of releases and the gross receipts?
New movie releases per studio and gross receipts are as follows:

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No. of releases 361 270 306 22 35 10 8 12 21 Gross receipts (million S) 3844 1962 1371 1064 334 241 188 154 125