A company that holds the DVD distribution rights to movies previously released only in theaters has the

Question:

A company that holds the DVD rights to movies previously released only in theaters has the business objective of developing estimates of the sales revenue of DVDs. Toward this goal, a company analyst plans to use box office gross to predict DVD sales revenue. For 22 movies, the analyst collects the box office gross (in $millions) in the year that they were released and the DVD revenue (in $millions) in the following year. These data are stored in Movie and shown in the following table:

A company that holds the DVD distribution rights to movies

For these data
a. Construct a scatter plot.
b. Assuming a linear relationship, use the least-squares method to determine the regression coefficients b0 and b1.
c. Interpret the meaning of the slope, b1, in this problem.
d. Predict the sales revenue for a movie DVD that had a box office gross of $75 million.

Distribution
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