Question

Below gives a data set for movie budgets, and domestic and worldwide box office gross (all...

Below gives a data set for movie budgets, and domestic and worldwide box office gross (all in millions) for several major movies over time. Test the claim, at the � = 0.01 level, that the domestic box office gross has a wider variation than the worldwide box office gross. Movie Data Sheet, h̶t̶t̶p̶s̶:̶/̶/̶w̶w̶w̶.̶s̶t̶a̶t̶c̶r̶u̶n̶c̶h̶.̶c̶o̶m̶/̶a̶p̶p̶/̶i̶n̶d̶e̶x̶.̶p̶h̶p̶?̶d̶a̶t̶a̶i̶d̶=̶2̶1̶8̶8̶6̶8̶4̶ (See below table instead)

  1. Note that some of the values for gross are zero. What does this mean and does that effect how you should perform the test?
  2. Perform the hypothesis test.
    1. Check Conditions
    2. Hypotheses
    3. Statistic
    4. Critical Value(s)
    5. Test Statistic
    6. P-Value
    7. Decision
    8. Conclusion
Column n Mean Variance Std. dev. Std. err. Median Range Min Max Q1 Q3
Domestic Gross($M) 5222 43.496456 4616.5913 67.945502 0.9402477 19.188847 936.66223 0 936.66223 2.694071 54.927174
Worldwide Gross($M) 5222 94.434584 30132.598 173.58744 2.4021485 31.16133 2783.919 0 2783.919 6.173485 102.22663

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