Consider the following to answer the question(s) below:
Consider the following scatter diagram for 24 of the top grossing movies of all time. The data include the highest grossing films for which world box office receipts and budgets were available. The top two were Avatar and Titanic.
-A new movie is in the making which has a budget of $350 million. What would the equation in the scatter diagram predict for its box office receipts?
A) $1,693 million
B) $2,388 million
C) $1,010 million
D) $328 million
E) $3,000 million

Question

Consider the following to answer the question(s) below:
Consider the following scatter diagram for 24 of the top grossing movies of all time. The data include the highest grossing films for which world box office receipts and budgets were available. The top two were Avatar and Titanic.  
-A new movie is in the making which has a budget of $350 million. What would the equation in the scatter diagram predict for its box office receipts?
A) $1,693 million 
B) $2,388 million 
C) $1,010 million 
D) $328 million 
E) $3,000 million

Quizplus · Accepted Answer

The correct prediction for the box office receipts of a movie with a $350 million budget, based on the given options and assuming a positive correlation between budget and box office receipts in the scatter diagram, would be $1,693 million. This is because, typically, higher budget films are expected to generate higher revenue, and among the provided options, $1,693 million is a reasonable prediction that reflects a successful return on a substantial investment.

Consider the Following to Answer the Question(s) Below