A multiple regression model was fit to predict domestic gross for movies based off of the production budget, opening weekend gross and number of stars. The overall F test p-value equals 0.252. What conclusion can you make at alpha 0.05? All of the variables contribute to the model. At least one of the variables contributes to the model. O None of the variables contribute to the model.

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### Multiple Regression Model Analysis

A multiple regression model was developed to predict the domestic gross for movies based on the production budget, opening weekend gross, and number of stars.

**Statistical Analysis:**
The overall F-test p-value equals 0.252. Given this information, consider the significance level (alpha) of 0.05.

**Question:**
What conclusion can you make at alpha = 0.05?

**Options:**
1. All of the variables contribute to the model.
2. At least one of the variables contributes to the model.
3. None of the variables contribute to the model.

**Explanation:**
Since the p-value (0.252) is greater than the alpha level of 0.05, we fail to reject the null hypothesis. This suggests that there is insufficient evidence to conclude that any of the variables significantly contribute to the model in predicting domestic gross.
Transcribed Image Text:### Multiple Regression Model Analysis A multiple regression model was developed to predict the domestic gross for movies based on the production budget, opening weekend gross, and number of stars. **Statistical Analysis:** The overall F-test p-value equals 0.252. Given this information, consider the significance level (alpha) of 0.05. **Question:** What conclusion can you make at alpha = 0.05? **Options:** 1. All of the variables contribute to the model. 2. At least one of the variables contributes to the model. 3. None of the variables contribute to the model. **Explanation:** Since the p-value (0.252) is greater than the alpha level of 0.05, we fail to reject the null hypothesis. This suggests that there is insufficient evidence to conclude that any of the variables significantly contribute to the model in predicting domestic gross.
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