Comedy Shows Revenues
a Financier Whose Specialty Is Investing in Comedy

question 28

Essay

Comedy Shows Revenues
A financier whose specialty is investing in comedy shows has observed that,in general,shows with "big-name" stars seem to generate more revenue than those shows whose stars are less well known.To examine his belief he records the gross revenue and the payment (in $ millions)given to the two highest-paid comedians in the show for ten recently staged shows.
$$\begin{array} { | c | c | c | } \hline \text { Show } & \begin{array} { c } \text { Cost of Twa Highest } \\\text { Paid Comedian (\$mil) }\end{array} & \begin{array} { c } \text { Gross Revenue } \\( \mathbf { \$ m i l } )\end{array} \\\hline 1 & 5.3 & 48 \\2 & 7.2 & 65 \\3 & 1.3 & 18 \\4 & 1.8 & 20 \\5 & 3.5 & 31 \\6 & 2.6 & 26 \\7 & 8.0 & 73 \\8 & 2.4 & 23 \\9 & 4.5 & 39 \\10 & 6.7 & 58 \\\hline\end{array}$$
-{Comedy Shows Revenues Narrative} Use the regression equation $\hat { y } = 4.225 + 8.285 x$ to determine the predicted values of y.

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Definitions:

Sequential Designs

Research designs utilizing successive observations or experiments, allowing for the study of changes over time and the effects of earlier events on later outcomes.

Self-Understanding

The process or ability of an individual to comprehend their own emotions, motivations, and behaviors.

Conservation

The principle in cognitive development that recognizes the amount of a substance remains the same despite changes in its shape or container.

Theory of Mind

A cognitive skill that enables individuals to understand that others have their own thoughts, feelings, and perspectives, distinct from one's own.