MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Determine the statistical significance of the two independent variables.  Assume a t-statistic with an absolute value greater than 2 is statistically significant.

Show your work/thought process:

a) Rotten Tomatoes ranking -

b) With Seagal  -

Actor Steven Seagal has demanded an exorbitant salary to star in the movie, "The Expendables, Part 4".
One analyst thinks that the overall Rotten Tomatoes score of a movie determines its ultimate earnings.
Another analyst thinks that Seagal's presence alone will boost earnings, regardless of the quality of the
movie. To test both of these theories, the following data is collected for six action movies:
Earnings (millions)
55
10
72
66
14
22
SUMMARY OUTPUT
Rotten Tomatoes Rating
80
15
92
71
20
41
A multiple regression is performed and these are the results:
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
Intercept
Rotten Tomatoes Rating
With Seagal (1 = yes, 0 = no)
0.67
0.85
0.70
19.07
10.00
With Seagal (1 = yes, 0 = no)
0
0
1
1
0
1
Coefficients
4.23
0.80
3.35
Standard Error
7.41
0.14
8.32
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Transcribed Image Text:Actor Steven Seagal has demanded an exorbitant salary to star in the movie, "The Expendables, Part 4". One analyst thinks that the overall Rotten Tomatoes score of a movie determines its ultimate earnings. Another analyst thinks that Seagal's presence alone will boost earnings, regardless of the quality of the movie. To test both of these theories, the following data is collected for six action movies: Earnings (millions) 55 10 72 66 14 22 SUMMARY OUTPUT Rotten Tomatoes Rating 80 15 92 71 20 41 A multiple regression is performed and these are the results: Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations Intercept Rotten Tomatoes Rating With Seagal (1 = yes, 0 = no) 0.67 0.85 0.70 19.07 10.00 With Seagal (1 = yes, 0 = no) 0 0 1 1 0 1 Coefficients 4.23 0.80 3.35 Standard Error 7.41 0.14 8.32
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