An output of a model of USGross ($M) on Budget ($M) and also an indicator variable...

An output of a model of USGross ($M) on Budget ($M) and also an indicator variable Comedy that is 1 for comedies and 0 for action films is shown below: Dependent variable is: USGross ($M) Variable Coefficient SE(Coeff) t-ratio P-value R-squared = 33.9% Constant -7.31024 16.65 -0.439 0.6624 R-squared (adjusted) = 32.8% Budget ($M) 1.00799 0.1876 5.37 <0.0007 s = 48.48 Comedy 24.0649 11.42 2.11 0.0394 55 degrees of freedom i) Interpret the coefficient of 1.00799. (3) ii) Interpret the coefficient of 24.0649. (4) iii) Based on the p-value for the coefficient of Comedy, at α = 0.05, what do you conclude? (3) iv) Interpret the value of R2 of 33.9% (2)

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orchestra answered 2 years ago

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