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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

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

$140 million. Use a significance level of =0.05.

Budget($)inMillions

41

22

117

70

72

53

119

66

4

57

126

18

11

146

6

Gross($)

inMillions

126

6

107

70

113

106

109

106

55

101

212

25

12

282

43

the critical values of the Pearson correlation coefficient r.

n

=0.05

=0.01

NOTE: To test

H0:

=0

against

H1:

0,

reject

H0

if the absolute value of r is greater than the critical value in the table.

4

0.950

0.990

5

0.878

0.959

6

0.811

0.917

7

0.754

0.875

8

0.707

0.834

9

0.666

0.798

10

0.632

0.765

11

0.602

0.735

12

0.576

0.708

13

0.553

0.684

14

0.532

0.661

15

0.514

0.641

16

0.497

0.623

17

0.482

0.606

18

0.468

0.590

19

0.456

0.575

20

0.444

0.561

25

0.396

0.505

30

0.361

0.463

35

0.335

0.430

40

0.312

0.402

45

0.294

0.378

50

0.279

0.361

60

0.254

0.330

70

0.236

0.305

80

0.220

0.286

90

0.207

0.269

100

0.196

0.256

n

=0.05

=0.01

QUESTIONS:

1. The regression equation is y=________+ __________x. (Round to one decimal place as needed.)

2. The best predicted gross for a movie with a $140 million budget is $ __________ million. (Round to one decimal place as need

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