TABLE 13- 11
a Company That Has the Distribution Rights

question 61

Short Answer

TABLE 13- 11
A company that has the distribution rights to home video sales of previously released movies would like to use the box office gross (in millions of dollars) to estimate the number of units (in thousands of units) that it can expect to sell. Following is the output from a simple linear regression along with the residual plot and normal probability plot obtained from a data set of 30 different movie titles:
$$\begin{array}{l}\text { Regression Statistics }\\\begin{array} { l c } \hline \text { Multiple R } & 0.8531 \\\text { RSquare } & 0.7278 \\\text { Adjusted R Square } & 0.7180 \\\text { Standard Error } & 47.8668 \\\text { Observations } & 30\end{array}\end{array}$$
ANOVA
$\begin{array}{lrrrrr}\hline &\text { d f}& \text { SS } & \text { MS } & \text {F }& \text {Significance F} \\\hline \text {Regression }& 1 & 171499.78 & 171499.78 & 74.8505 & 2.1259E-09 \\\text {Residual} & 28 & 64154.42 & 2291.23 & & \\\text {Total} & 29 & 235654.20 & & & \\\hline\end{array}$

$\begin{array}{lrrrrrr}\hline & \text {Coefficients }& \text { Standard Error}& \text { t Stat }& \text { p -value }& \text {Lower 95\% }& \text {Upper 95\% }\\\hline \text { Intercept }& 76.5351 & 11.8318 & 6.4686 & 5.24 \mathrm{E}-07& 52.2987 & 100.7716 \\ \text {Gross} & 4.3331 & 0.5008 & 8.6516 & 2.13 \mathrm{E}-09 & 3.3072 & 5.3590 \\\hline\end{array}$



-Referring to Table 13-11, what are, respectively, the lower and upper limits of the 95% confidence interval estimate for population slope?