In: Statistics and Probability
Find the regression equation (rounding values to 2 places), letting the first variable be the independent variable x. Use the regression equation values to find the best predicted gross amount for a movie with a budget of 67 million dollars. Hint: Use the exact regression values to find an accurate predicted value and then round your answer. In the table below, all amounts are in millions of dollars. Budget 92 196 68 35 68 59 53 50 Gross 64 604 53 63 70 70 55 53