The following table presents the budget (in millions) for selected organizations that received U.S. government funding for
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The following table presents the budget (in millions) for selected organizations that received U.S. government funding for arts and culture in both 2006 and 2016.
a. Compute the least-squares regression line for predicting the 2016 budget from the 2006 budget.
b. If two institutions have budgets that differ by 10 million dollars in 2006, by how much would you predict their budgets to differ in 2016?
c. Predict the 2016 budget for an organization whose 2006 budget was 100 million dollars.
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