Asked by Connor Romero on Jun 12, 2024
Verified
{Movie Revenues Narrative} Estimate with 95% confidence the average gross revenue of a movie whose top two stars earn $5.0 million.
Gross Revenue
The total income generated by a business before any deductions are made for expenses.
Big-Name Stars
Prominent and well-recognized celebrities or personalities, particularly in entertainment, who can significantly influence projects.
- Predict values using regression analysis and estimate intervals with a given confidence level.
Verified Answer
KS
Kellie ShaughnessJun 17, 2024
Final Answer :
45.65 ± 1.54.Thus,LCL= 44.11 (in $1,000,000s),and UCL = 47.19 (in $1,000,000s).
Learning Objectives
- Predict values using regression analysis and estimate intervals with a given confidence level.
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