What can predict how much a motion picture will make? Data on a number of recent releases that includes the Gross ($M), the Budget ($M), the Run Time (minutes), and the average number of Stars awarded by reviewers was collected and a regression model was created to predict Gross. Use the computer output given below to complete parts a through d.
c) What null hypothesis can you test with it?
A.
Upper H 0H0:
beta Subscript BudgetβBudgetequals=beta Subscript Run TimeβRun Timeequals=beta Subscript StarsβStarsequals=1
B.
Upper H 0H0:
beta Subscript BudgetβBudgetequals=beta Subscript Run TimeβRun Timeequals=beta Subscript StarsβStarsequals=0
C.
Upper H 0H0:beta Subscript BudgetβBudgetless than<beta Subscript Run TimeβRun Timeless than<beta Subscript StarsβStars
D.
Upper H 0H0:
beta Subscript BudgetβBudgetnot equals≠beta Subscript Run TimeβRun Timenot equals≠beta Subscript StarsβStars
d) Using
alphaαequals=0.05,
would you reject that null hypothesis?
The P-value is ____
(Round to three decimal places as needed.)
Should the null hypothesis be rejected?
A.Yes, since the P-value is less than alphaαequals=0.05, reject the null hypothesis.
B.Yes, since the P-value is greater than alphaαequals=0.05, fail to reject the null hypothesis.
C.No, since the P-value is less than alphaαequals=0.05, reject the null hypothesis.
D.No, since the P-value is greater than alphaαequals=0.05, fail to reject the null hypothesis.
What can predict how much a motion picture will make? Data on a number of recent...
The P-value for a hypothesis test is shown. Use the P-value to decide whether to reject Upper Ho when the level of significance is (a) a=0.01 b=0.05 c=0.10 P=0.1035 (a) Do you reject or fail to reject Upper H 0H0 at the 0.01 level of significance? A. Fail to rejectFail to reject Upper H 0H0 because the P-value, 0.1035 is greater than a=0.01 B. Reject Upper H 0H0 because the P-value, 0.1035 is greater than a=0.01 C. Fail to...
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The P-value for a hypothesis test is shown. Use the P-value to decide whether to reject Upper H 0H0 when the level of significance is (a) alphaαequals=0.010.01, (b) alphaαequals=0.050.05, and (c) alphaαequals=0.100.10. Pequals=0.01390.0139 (a) Do you reject or fail to reject Upper H 0H0 at the 0.010.01 level of significance? A. RejectReject Upper H 0H0 because the P-value, 0.01390.0139, is greatergreater than alphaαequals=0.010.01. B. Fail to rejectFail to reject Upper H 0H0 because the P-value, 0.01390.0139, is greatergreater than alphaαequals=0.010.01....
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What can predict how much a motion picture will make? Data on a number of recent releases that includes the Gross ($M), the Budget ($M), the Run Time (minutes), and the average number of Stars awarded by reviewers was collected and a regression model was created to predict Gross. Use the computer output given below to complete parts a through d. Dependent variable is: Gross Rsquared = 42.1%, R squared (adjusted) = 40.6% s = 46.33 with 120 - 4...
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