Question

How does the cost of a movie depend on its length? Data on the cost (millions of dollars) and the running time (minutes) for major release films in one recent year are summarized in these plots and computer output:
a) Explain in words and numbers what the regression says.
b) The intercept is negative. Discuss its value, taking note of the P-value.
c) The output reports s = 32.95. Explain what that means in this context.
d) What’s the value of the standard error of the slope of the regression line?
e) Explain what that means in this context.


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  • CreatedMay 15, 2015
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