Below are the U.S. box office gross sales for the first 6 weekends. Weekend 1 2...

Below are the U.S. box office gross sales for the first 6 weekends.

Weekend	1	2	3	4	5	6
U.S. Box Office Gross (in millions of $)	202.87	100.06	44.44	26.87	30.56	33.79

a. Determine the exponential regression equation that models the U.S. Box Office Gross (in millions), G, in terms of the number of weekends since it has been released, t. Write your answer in Q form here (round numbers to four decimal places)

G=()^t

b. Determine the decay rate. Report your answer as a percentage, rounded to two decimal places.

c. According to your model, what is the predicted U.S. box office gross sales in week 10? Report your answer in millions, rounded to two decimal places.

$ million

Solutions

Expert Solution

Please note that if the number I captured is different from the actual numbers, the result would change.

Rahul Sunny answered 1 year ago

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