(Figure: Hollywood Stock Exchange) The data points in thefigure represent the opening revenue for movies plotted againsttheir predicted opening revenues according to the HollywoodStock Exchange (HSX). Most of them fall along the 45-degreeline. What does this suggest?
A)The HSX does not do a good job predicting movie revenue.
B)On average, most movies do worse than their HSX predictions.
C)On average, the HSX accurately predicts movie revenues.
D)On average, most movies do better than their HSX predictions.

Question

(Figure: Hollywood Stock Exchange) The data points in thefigure represent the opening revenue for movies plotted againsttheir predicted opening revenues according to the HollywoodStock Exchange (HSX). Most of them fall along the 45-degreeline. What does this suggest?
A)The HSX does not do a good job predicting movie revenue. 
B)On average, most movies do worse than their HSX predictions. 
C)On average, the HSX accurately predicts movie revenues. 
D)On average, most movies do better than their HSX predictions.

Quizplus · Accepted Answer

Most of the data points fall along the 45-degree line, indicating that the predicted opening revenue by HSX is close to the actual opening revenue. Therefore, the HSX does accurately predict movie revenues on average.

(Figure: Hollywood Stock Exchange) the Data Points in Thefigure Represent