Up Vg 7051 1.) A researcher wants to determine if the money spent on the production of a movie is a good predictor of how much money the movie will make. The table below shows the budget (amount spent on production) and gross in millions of dollars for ten high profile movies. Budget 237 200 125 94 63 79 70 115 11 10 Gross 2784 1843 1328 1141 924 953 919 1007 798 793 a. [1 points] Compute the correlation coefficient, rounding to 3 decimal places. b. [2 points] Create a scatter plot for this data, labeling the axes. c. [2 points] Determine the equation for the Least Squares Regression Line, rounding the parameters to 3 decimal places. d. [2 points] Create a residual plot and a boxplot of the residual values. e. [2 points] Based on the scatter diagram, correlation coefficient, residual plot, and box plot of the residuals, should a line be used to fit this data? Explain why or why not