A Financier Whose Specialty Is Investing in Movie Productions Has

question 8

Essay

A financier whose specialty is investing in movie productions has observed that, in general, movies with 'big-name' stars seem to generate more revenue than those movies whose stars are less well known. To examine his belief, he records the gross revenue and the payment (in $ million) given to the two highest-paid performers in the movie for 10 recently released movies. $$\begin{array} { | c | c | c | } \hline \text { Movie } & \begin{array} { c } \text { Cost of two highest- } \\\text { paid performers } ( \$ \mathrm {~m} )\end{array} & \begin{array} { c } \text { Gross revenue } \\( \$ \mathrm {~m} )\end{array} \\\hline 1 & 5.3 & 48 \\\hline 2 & 7.2 & 65 \\\hline 3 & 1.3 & 18 \\\hline 4 & 1.8 & 20 \\\hline 5 & 3.5 & 31 \\\hline 6 & 2.6 & 26 \\\hline 7 & 8.0 & 73 \\\hline 8 & 2.4 & 23 \\\hline 9 & 4.5 & 39 \\\hline 10 & 6.7 & 58 \\\hline\end{array}$$ Conduct a test of the population coefficient of correlation to determine at the 5% significance level whether a linear relationship exists between payment to the two highest-paid performers and gross revenue.

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Definitions:

Congressional Aid

Congressional aid refers to assistance or funding approved by the United States Congress, directed towards domestic or international programs, entities, or efforts.

Civilians Killed

This term generally refers to non-combatant individuals who have died as a result of warfare, political violence, terrorism, or other conflicts, underscoring the tragic impact of violence on those not actively engaged in conflict.

Grocery List

A written or electronic list of items needed to be purchased during a visit to the grocery store.

Grocery Store

A retail establishment that sells food and household goods.