Question: Problem 1 An analytics firm would like to understand the relationship between the gross revenue in 7 days in the US for movies that were

Problem 1 An analytics firm would like to understand the relationship between the gross revenue in 7 days in the US for movies that were released between 2006 and 2007 and the movie Genre. There are 4 genres of movies in our dataset. The regression output is below: 1. Gross_7_days is the response variable in $. 2. The Genre variables takes these values - Action, Adventure, Drama, Thriller/Suspense. 3. Genre=Action is the reference variable below Response variable : Gross_7_day Explanatory variables: Genre Null hyp. : the effect of Genre on Gross_7_day is zero Alt. hyp. : the effect of Genre on Gross_7_day is not zero coefficient std. error t. value p. value (Intercept) 36385267. 941 7164714.245 5. 078

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