Question: This is using statcrunch H We are going to examine a random sample of n=300 US movies: The data set is accessible on StatCrunch after

This is using statcrunch

H We are going to examine a random sample of n=300 US movies: The data set is accessible on StatCrunch after you login to StatCrunch: MovieBudgetBoxOfceEarningS_a_r_nple1.csv is. There are two data sets that look very similar, please be sure to use your data set. The variables collected for each movie in this data set are: Month: the month the movie was released to theater {Jan, Feb, Mar. Apr. Dec} Day: the day of the month the movie was released [1, 2. 31] Year: the year the movie was released Budget: budget of the movie in millions of dollars I ' Domestic Gross: amount from domestic box ofce gross, in millions of dollars Worldwide Gross; amount of box ofce gross from worldwide theaters, in millions of dollars Prot: This is the difference: Prot = Worldwide Gross - Budget it Questions to answer: A. Estimate the proportion of movies released in Dec. B. Test the idea that US movies have a prot of $50 million on average. Instructions: For each question, please be sure to include the following: 1. Identify the population and variable of interest. 2. Identify the statistical process. 3. Carry out all steps for the statistical process. Be sure to include checking conditions, calculation, and interpretation. it the process is a hypothesis test, make sure the null and alternate hypotheses are stated in words and symbol as we have done in this class

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