Problem

Box-Office Revenues The data in the table below give the box-office revenues, in billions...

Box-Office Revenues The data in the table below give the box-office revenues, in billions of dollars, for movies released in selected years between 1980 and 2009.

Year

Revenue (billions of $)

Year

Revenue (billions of $)

1980

2.75

2000

7.47

1985

3.75

2005

8.83

1990

5.02

2009

10.54

1995

5.27

 

 

a. Find the power model that best fits the revenues as a function of the number of years after 1970. Round to four decimal places.


b. What does the unrounded model estimate as the revenue in 2015?


c. Discuss the reliability of this estimation.

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search