Using the Excel file Weddings, apply the Regression tool using the wedding cost as the dependent variable and attendance as the independent variable. What is the regression model? Interpret all key regression results, hypothesis tests, and confidence intervals in the output. If a couple is planning a wedding for 175 guests, how much should they budget? Weddings

MATLAB: An Introduction with Applications
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Using the Excel file Weddings, apply the Regression tool using the wedding cost as the dependent variable and attendance as the independent variable.

  1. What is the regression model?

  2. Interpret all key regression results, hypothesis tests, and confidence intervals in the output.

  3. If a couple is planning a wedding for 175 guests, how much should they budget?

Weddings          
           
Couple's Income Bride's age  Payor Wedding cost Attendance Value Rating
$130,000 22 Bride's Parents $60,700.00 300 3
$157,000 23 Bride's Parents $52,000.00 350 1
$98,000 27 Bride & Groom $47,000.00 150 3
$72,000 29 Bride & Groom $42,000.00 200 5
$86,000 25 Bride's Parents $34,000.00 250 3
$90,000 28 Bride & Groom $30,500.00 150 3
$43,000 19 Bride & Groom $30,000.00 250 3
$100,000 30 Bride & Groom $30,000.00 300 3
$65,000 24 Bride's Parents $28,000.00 250 3
$78,000 35 Bride & Groom $26,000.00 200 5
$73,000 25 Bride's Parents $25,000.00 150 5
$75,000 27 Bride & Groom $24,000.00 200 5
$64,000 25 Bride's Parents $24,000.00 200 1
$67,000 27 Groom's Parents $22,000.00 200 5
$75,000 25 Bride's Parents $20,000.00 200 5
$67,000 30 Bride's Parents $20,000.00 200 5
$62,000 21 Groom's Parents $20,000.00 100 1
$75,000 19 Bride's Parents $19,000.00 150 3
$52,000 23 Bride's Parents $19,000.00 200 1
$64,000 22 Bride's Parents $18,000.00 150 1
$55,000 28 Bride's Parents $16,000.00 100 5
$53,000 31 Bride & Groom $14,000.00 100 1
$62,000 24 Bride's Parents $13,000.00 150 1
$40,000 26 Bride's Parents $7,000.00 50 3
$45,000 32 Bride & Groom $5,000.00 50 5
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