Here is the regression for Exercise 3 with an indicator variable: a) Write out the regression model.

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Here is the regression for Exercise 3 with an indicator variable:

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a) Write out the regression model.

b) In this regression, the variable Comedy is an indicator variable that is 1 for movies that are comedies. How would you interpret the coefficient of Comedy?

c) What null hypothesis can we test with the t-ratio for Comedy?

d) Would you reject that hypothesis at

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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Question Posted: Sep 07, 2024 05:03 AM

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Here is the regression for Exercise 3 with an indicator variable: a) Write out the regression model.

Question:

Dependent variable is: USGross ($M) R-squared 33.8% s = 46.50 with 58 Variable Constant R-squared (adjusted) = 31.4% 3 = 55 degrees of freedom Coefficient -7.03913 SE (Coeff) t-ratio P-value -0.435 16.20 0.6655 Budget ($M) 1.00428 0.1895 5.30 0.0001 Comedy 25.4175 13.62 1.87 0.0674

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Business Statistics

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