Question

The StatCrunch data set for this question contains paired data consisting of movie budget amounts and the amounts that the movies grossed. Construct a regression​ model to predict gross, using budget as the explanatory variable. Use a significance level of α = 0.05. What is the best estimate of a movie's gross if its budget is ​$110 million? Round all answers to one decimal place; add a trailing zero as needed. The regression model is ŷ = ____ + _____ x. The best estimate of predicted gross for a movie with a budget of $110 million is $ _____ million.

DATA Budget ($M)   Gross ($M)
44   121
22   12
119   98
73   65
75   114
57   116
117   103
69   105
6   63
55   112
126   222
18   28
6   25
154   291
3   38

Answer 1