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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
$100 million. Use a significance level of alpha equals 0.05.
Budget left parenthesis $ right parenthesis
in Millions40
21
112
74
76
53
123
64
5
60
125
17
8
152
10
Gross left parenthesis $ right parenthesis
in Millions
120
18
96
68
120
109
96
108
53
102
209
28
25
289
42
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