Determine the statistical significance of the two independent variables. Assume a t-statistic with an absolute value greater than 2 is statistically significant.Show your work/thought process:a) Rotten Tomatoes ranking -b) With Seagal - Actor Steven Seagal has demanded an exorbitant salary to star in the movie, "The Expendables, Part 4".One analyst thinks that the overall Rotten Tomatoes score of a movie determines its ultimate earnings.Another analyst thinks that Seagal's presence alone will boost earnings, regardless of the quality of themovie. To test both of these theories, the following data is collected for six action movies:Earnings (millions)551072661422SUMMARY OUTPUTRotten Tomatoes Rating801592712041A multiple regression is performed and these are the results:Regression StatisticsMultiple RR SquareAdjusted R SquareStandard ErrorObservationsInterceptRotten Tomatoes RatingWith Seagal (1 = yes, 0 = no)0.670.850.7019.0710.00With Seagal (1 = yes, 0 = no)001101Coefficients4.230.803.35Standard Error7.410.148.32

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Determine the statistical significance of the two independent variables. Assume a t-statistic with an absolute value greater than 2 is statistically significant. Show your work/thought process: a) Rotten Tomatoes ranking - b) With Seagal -

Determine the statistical significance of the two independent variables. Assume a t-statistic with an absolute value greater than 2 is statistically significant. Show your work/thought process: a) Rotten Tomatoes ranking - b) With Seagal -

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

100%

Determine the statistical significance of the two independent variables. Assume a t-statistic with an absolute value greater than 2 is statistically significant.

Show your work/thought process:

a) Rotten Tomatoes ranking -

b) With Seagal -

Actor Steven Seagal has demanded an exorbitant salary to star in the movie, "The Expendables, Part 4".
One analyst thinks that the overall Rotten Tomatoes score of a movie determines its ultimate earnings.
Another analyst thinks that Seagal's presence alone will boost earnings, regardless of the quality of the
movie. To test both of these theories, the following data is collected for six action movies:
Earnings (millions)
55
10
72
66
14
22
SUMMARY OUTPUT
Rotten Tomatoes Rating
80
15
92
71
20
41
A multiple regression is performed and these are the results:
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
Intercept
Rotten Tomatoes Rating
With Seagal (1 = yes, 0 = no)
0.67
0.85
0.70
19.07
10.00
With Seagal (1 = yes, 0 = no)
0
0
1
1
0
1
Coefficients
4.23
0.80
3.35
Standard Error
7.41
0.14
8.32

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