Listed below are the budgets (in millions of dollars) for randomly selected movi

Question

Listed below are the budgets (in millions of dollars) for randomly selected movies. Find the Linear Correlation Coefficient R, and find the P Value using a= 0.05. Is there sufficient evidence to conclude that there is a linear correlation between budgets and gross reciepts? Do the results change if the actual budgets are listed as $62,000,000, $87,000,000, $46,000,000, and so on? WHAT IS R, THE TEST STASTIC, AND P VALUE

Budget(x) Gross (y)

62           60
87            60
46            52
31           52
204         578
95            150
89            47

Explanation / Answer

Listed below are the budgets (in millions of dollars) for randomly selected movi

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