A Financier Whose Specialty Is Investing in Movie Productions Has

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.
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.