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In: Statistics and Probability

Instead, consider these OLS results: gross-hat = -14.2201 + 1.7740*budget - 0.4877*budget*comedy + 33.2147*comedy. If you...

Instead, consider these OLS results: gross-hat = -14.2201 + 1.7740*budget - 0.4877*budget*comedy + 33.2147*comedy. If you had estimated gross-hat = b0 + b1*budget + b2*budget*action + b3*action, what would the value of b1 be?
(Record your answer accurate to at least the nearest second decimal place with standard rounding.)

Solutions

Expert Solution

b1 = 1.7740 = 1.77

                                                                                                                                                                                                                                                                   

orchestra answered 1 year ago
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