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
Related questions
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 -

Transcribed Image Text: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
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images

Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman