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Chapter 11.2, Problem 3P

(a)

To determine

Find the level of significance.

State the null and alternative hypothesis.

(b)

To determine

Identify the sampling distribution to be used.

Mention the conditions to use the distribution.

Find the value of the sample test statistic.

(c)

To determine

Find the P-value of the sample test statistic.

(d)

To determine

Mention the conclusion of the test.

(e)

To determine

Interpret the conclusion in the context of the application.

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Rental revenue (in millions of dollars) 4. Can movie rental revenue be predicted? A movie studio wishes to determine the relationship between the revenue from rental of comedies on streaming services and the revenue generated from the theatrical release of such movies. The studio has the following bivariate data from a sample of fifteen comedies released over the past five years. These data give the revenue x from theatrical release (in millions of dollars) and the revenue y from streaming service rentals (in millions of dollars) for each of the fifteen movies. Also shown are the scatter plot and the least- squares regression line for the data. The equation for this line is y=3.30 +0.15x. Theater revenue, X Rental revenue, y (in millions of dollars) (in millions of dollars) 61.1 16.5 44.8 6.1 个y 18- 36.8 12.1 16 61.4 9.6 14- 13.3 9.7 12- 25.8 9.0 10- ャ★ 20.2 4.6 X. 8 26.3 7.7 7.3 2.6 48.5 15.9 27.7 11.7 20 30 70 28.3 2.8 Theater revenue 66.3 10.1 (in millions of dollars) 29.9 6.3 22
I just need help with the test statistic.

Chapter 11 Solutions

Bundle: Understandable Statistics, Loose-leaf Version, 12th + WebAssign Printed Access Card for Brase/Brase's Understandable Statistics: Concepts and Methods, 12th Edition, Single-Term

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