a. What is the regression model? x Attendance Wedding Cost = (Round to three decimal places as needed.)
a. What is the regression model? x Attendance Wedding Cost = (Round to three decimal places as needed.)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:**Regression Analysis Using Wedding Data**
**Objective:**
Use the Regression tool on the accompanying wedding data, taking the wedding cost as the dependent variable and attendance as the independent variable. Complete parts a through c.
**Instructions:**
- Click the icon to view the wedding data.
**Task:**
a. **What is the regression model?**
**Expression:**
Wedding Cost = ___ + ___ x Attendance
(Round to three decimal places as needed.)
**Explanation:**
- Fill in the blanks with appropriate numerical values derived from the regression analysis.
- Use the regression equation to predict or understand the relationship between wedding cost and attendance.
(There are no graphs or diagrams to describe in this image.)

Transcribed Image Text:The image contains a diagram displaying two columns of data related to wedding costs and attendance. Here is a transcription suitable for an educational website:
---
### Wedding Cost and Attendance Analysis
The table below presents a dataset that correlates wedding attendance with the associated costs. This data can be used to understand typical expenditure patterns based on the number of attendees.
#### Data Overview
| Attendance | Wedding Cost ($) |
|------------|------------------|
| 300 | 60700 |
| 350 | 53900 |
| 150 | 49000 |
| 200 | 44000 |
| 250 | 36000 |
| 150 | 32500 |
| 250 | 31000 |
| 300 | 28600 |
| 250 | 28000 |
| 200 | 24000 |
| 200 | 24000 |
| 200 | 22000 |
| 150 | 21000 |
| 100 | 20000 |
| 150 | 20000 |
| 100 | 18000 |
| 100 | 18000 |
| 100 | 15000 |
| 50 | 13000 |
| 50 | 8000 |
| 200 | 5000 |
### Insights
- **Range of Attendance**: The attendance numbers range from 50 to 350 guests.
- **Cost Variation**: The wedding costs vary significantly, with the lowest being $5000 and the highest being $60700.
- **Patterns**: Generally, as attendance increases, the wedding cost tends to increase, suggesting a direct relationship between the number of guests and total expenses.
This dataset can be utilized for financial planning, providing insights into how guest numbers might impact overall wedding costs.
Expert Solution

Given info:
Here, the wedding cost is dependent variable and the attendance is independent variable.
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