Question

3 Office Update To keep up-to-date with security updates, fixes, and improvements, choos.... Check for Update a. wneuner or not a iim recerves a picture nominauon b. whether or not a film is given a "r" rating. (In the space below, write down the two appropriate regressions in their proper format, including the correct format of the y" variable. Then go on to Q.6. Attach output for this step.) Picturenomhat-0.0473+0.0011starhat-0.0001budgetmillionshat + ei RA2-0.0007 Adi R^2-4.0206 (0.153) (0.981) (0.803) p-values are in parenthesis Heteroscedasticity is an issue... RA2- 0.0668 rhat-0.430-0.0028starhat-0.0023budgetmillionshat+ci (0.014) Adi R42- 0.0469 (0.000) (0.978) p-values are in paranthesis 6. Based on the interpretation of the regressions above, answer the questions below: a. what happens to the odds of nomination when there is a star in the movie? How do you know? Explain briefly b. What happens to the odds of a "r" rating when the budget increases? How do you know? Explain briefly.

Answer 1

Regression coefficients explain how dependent variables move with independent variables.

a. In the 1st equation the regression coefficient between Picturenomination and starhat is 0.0011

So if there is a star in the movie the odds of nomination should go up by 0.0011.

b. In the 2nd equation, the regression coefficient between rhat and budgetmillionshat is -0.0023. So for every unit increase in budget in millions, odds of r rating decreases by 0.0023.