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Listed below are the budgets (in millions of dollars) and the gross receipts (in millions of dollars) for randomly selected movies. Construct a scatterplot, find the value of the linear correlation coefficient r, and find the P-value using alpha = 0.05.
Is there sufficient evidence to conclude that there is a linear correlation between budgets and gross receipts? Do the results change if the actual budgets listed are $64,000,000, $89,000,000 , $49,000,000, and so on?
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Budget (x) Gross (y)
64 70
89 66
49 44
33 54
201 585
96 143
86 48
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