Do movies of different types have different rates of return on their budgets? He

Question

Do movies of different types have different rates of return on their budgets? Here's a regression of US Gross (SM) with an indicator variable Comedy that is 1 for comedies and 0 tor adventure films. Complete pans (a) through (d). Dependent variable is:US Gross (SM) a) Write out the regression model. b) In this regression, the variable Dependent variable is:US Gross (SM) a) Write out How would you interpret the coefficient of Budgt*Cmdy? A. The slope of the relationship between US Gross and Budge:is more steep for comedies than for adventure movies. B. Comedies earn less than adventure films for a given budget. C. Comedies earn more than adventure films for a given budget. D. The slope of the relationship between US Gross and Budge:s less steep for comedies than for adventure movies. c) What null hypothesis can we lest with the t-ratio for Budgt*Cmdy? A. Comedies do not earn the same amount as adventure films for a given budget. B. The slope of US Gross with Budget the same for comedies and adventure films. C. The slope of US Gross with Budget different for comedies and adventure films. D. Comedies cam the same amount as adventure films for a given budget. d) Would you reject that hypothesis at alpha = 0.05? A. No, because the P-value is less than the level of significance. B. No, because the P-value is not less than the level of significance.

Explanation / Answer

a) USgross =-13.2638+1.46348*budget+35.8863*comedy+-0.605433*budgetcomedy

b)option B is correct

c)option B is correct

d) Yes ; because p value is less then the level of significance

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