Movie Revenues
A financier whose specialty is investing in movie productions has observed that,in general,movies with "big-name" stars seem to generate more revenue than those movies 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 performers in the movie for ten recently released movies.
-{Movie Revenues Narrative} Which interval in the previous two questions is narrower: the confidence interval estimate of the expected value of y or the prediction interval for the same given value of x (10 years)and same confidence level? Why?

Question

Movie Revenues
 A financier whose specialty is investing in movie productions has observed that,in general,movies with "big-name" stars seem to generate more revenue than those movies 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 performers in the movie for ten recently released movies.  ​ ​
-{Movie Revenues Narrative} Which interval in the previous two questions is narrower: the confidence interval estimate of the expected value of y or the prediction interval for the same given value of x (10 years)and same confidence level? Why?

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The Answer of Movie Revenues
 A financier whose specialty is investing in movie productions has observed that,in general,movies with "big-name" stars seem to generate more revenue than those movies 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 performers in the movie for ten recently released movies.  ​ ​
-{Movie Revenues Narrative} Which interval in the previous two questions is narrower: the confidence interval estimate of the expected value of y or the prediction interval for the same given value of x (10 years)and same confidence level? Why?

Movie Revenues a Financier Whose Specialty Is Investing in Movie Productions