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 alphaequals0.05. 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 $63 comma 000 comma 000, $86 comma 000 comma 000, $46 comma 000 comma 000, and so on?

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget. the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead. a total of 119,300 units, using 478,000 direct labor hours, were produced during the year. actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.