Question: Movie production companies spend millions of dollars to produce movies with the great hope of attracting millions of people to the theater. The success of a movie can be measured in many ways, two of which are the box office receipts and the number of Oscar nominations received based on its budget cost (in millions of dollars), its box office receipts (in millions of dollars), and the number of Oscar nominations it received.

1. Draw a scatter diagram using \(x=\) budget and \(y=\) box office.
2. Does there appear to be a linear relationship?
3. Calculate the linear correlation coefficient, \(r\).
4. What does this value of correlation seem to be telling us? Explain.
5. Repeat parts a through d using \(x=\) box office and \(y=\) nominations.

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