Wedding Cost Attendance 62700 300 50000 350 47000 150 43000 200 35000 250 32500 150 28000 250 28000 300 26000 250 26000 200 25000 150 25000 200 22000 200 22000 200 20000 200 20000 200 19000 100 18000 150 18000 200 18000 150 17000 100 12000 100 12000 150 6000 50 3000 50   a. What is the regression​ model?   Wedding Costequals=enter your response hereplus+left parenthesis nothing right parenthesisenter your response heretimes×Attendance ​(Round to three decimal places as​ needed.) Part 2 b. Interpret all key regression​ results, hypothesis​ tests, and confidence intervals in the regression output from part a.   Interpret the slope of the regression equation. Choose the correct answer below.     A. It is not appropriate to interpret the slope because it is outside the range of observed attendances.   B. The slope indicates that for each increase of 1 in wedding​ cost, the predicted attendance is estimated to increase by a value equal to b 1b1.   C. It is not appropriate to interpret the slope because it is outside the range of observed wedding costs.   D. The slope indicates that for each increase of 1 in​ attendance, the predicted wedding cost is estimated to increase by a value equal to b 1b1.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Wedding Cost Attendance
62700 300
50000 350
47000 150
43000 200
35000 250
32500 150
28000 250
28000 300
26000 250
26000 200
25000 150
25000 200
22000 200
22000 200
20000 200
20000 200
19000 100
18000 150
18000 200
18000 150
17000 100
12000 100
12000 150
6000 50
3000 50

 

a. What is the regression​ model?
 
Wedding
Costequals=enter your response hereplus+left parenthesis nothing right parenthesisenter your response heretimes×Attendance
​(Round to three decimal places as​ needed.)
Part 2
b. Interpret all key regression​ results, hypothesis​ tests, and confidence intervals in the regression output from part a.
 
Interpret the slope of the regression equation. Choose the correct answer below.
 
 
A.
It is not appropriate to interpret the slope because it is outside the range of observed attendances.
 
B.
The slope indicates that for each increase of 1 in wedding​ cost, the predicted attendance is estimated to increase by a value equal to
b 1b1.
 
C.
It is not appropriate to interpret the slope because it is outside the range of observed wedding costs.
 
D.
The slope indicates that for each increase of 1 in​ attendance, the predicted wedding cost is estimated to increase by a value equal to
b 1b1.
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