Question: Movie studios exert much effort trying to predict how much money their movies will make. One possible predictor is the amount of money spent on
Movie studios exert much effort trying to predict how much money their movies will make. One possible predictor is the amount of money spent on the production of the movie. The table shows the budget and the amount of money made worldwide for the ten movies with the highest profits. The budget (amount spent on production) and gross are in millions of dollars. Make a scatterplot and comment on what you see. If appropriate, find, report, and interpret the regression line. If it is not appropriate to do so, explain why.
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Film Avatar Titanic Budget 237 200 125 Gross 2784 1843 1328 Harry Potter and the Deathly Hallows: Part II Lord of the Rings: The Return of the King Jurassic Park 94 1141 63 79 70 115 924 953 919 1007 The Lion King Shrek 2 Star Wars Episode 1: Phantonm Menace Star Wars Episode 4: A New Hope ET: The Extra-Terrestrial 798 10 793
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