Question

Commercial Movie Releases The yearly data have been published showing the number of releases for each of the commercial movie studios and the gross receipts for those studios thus far. The regression line equation is

=y′+184.6867.309x

. The correlation coefficient is

=r0.872

. Compute the standard error of the estimate rounded to at least two decimal places, if appropriate. Assume

=α0.01

.

No. of releases, x	270	361	35	306	12	8	21	22
Gross receipts, y (million $ )	1962	3844	334	1371	154	188	125	1064

Answer 1

The statistical software output for this problem is :

=

standard error = 679.89