Question

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 α=0.05.

Budget ($) in Millions   Gross ($) in Millions
41                   122
23                   12
113                   102
74                   56
77                   119
55                   112
120                   106
60                   99
10                   50
55                   108
129                   205
24                   32
10                   12
152                   283
3                   49

The regression equation is ^y = ? + ?x
(Round to one decimal place as​ needed.)

The best predicted gross for a movie with a ​$110 million budget is ​$? million.
​(Round to one decimal place as​ needed.)

Answer 1

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