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 Interpret the Y-intercept of the regression equation. Choose the correct answer below. A. It is not appropriate to interpret the Y-intercept because it is outside the range of observed wedding costs. B. The Y-intercept indicates that a wedding with a cost of $0 has a mean predicted attendance of b 0b0 people. C. It is not appropriate to interpret the Y-intercept because it is outside the range of observed attendances. D. The Y-intercept indicates that a wedding with an attendance of 0 people has a mean predicted cost of $b 0b0. Part 4 Identify and interpret the meaning of the coefficient of determination in this problem. Select the correct choice below and fill in the answer box to complete your choice. (Round to three decimal places as needed.) A. The coefficient of determination is Upper R squaredR2equals=enter your response here. This value is the probability that the correlation between the variables is statistically significant. B. The coefficient of determination is Upper R squaredR2equals=enter your response here. This value is the proportion of variation in wedding cost that is explained by the variation in attendance. C. The coefficient of determination is Upper R squaredR2equals=enter your response here. This value is the proportion of variation in attendance that is explained by the variation in wedding cost. D. The coefficient of determination is Upper R squaredR2equals=enter your response here. This value is the probability that the slope of the regression line is statistically significant.
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 Interpret the Y-intercept of the regression equation. Choose the correct answer below. A. It is not appropriate to interpret the Y-intercept because it is outside the range of observed wedding costs. B. The Y-intercept indicates that a wedding with a cost of $0 has a mean predicted attendance of b 0b0 people. C. It is not appropriate to interpret the Y-intercept because it is outside the range of observed attendances. D. The Y-intercept indicates that a wedding with an attendance of 0 people has a mean predicted cost of $b 0b0. Part 4 Identify and interpret the meaning of the coefficient of determination in this problem. Select the correct choice below and fill in the answer box to complete your choice. (Round to three decimal places as needed.) A. The coefficient of determination is Upper R squaredR2equals=enter your response here. This value is the probability that the correlation between the variables is statistically significant. B. The coefficient of determination is Upper R squaredR2equals=enter your response here. This value is the proportion of variation in wedding cost that is explained by the variation in attendance. C. The coefficient of determination is Upper R squaredR2equals=enter your response here. This value is the proportion of variation in attendance that is explained by the variation in wedding cost. D. The coefficient of determination is Upper R squaredR2equals=enter your response here. This value is the probability that the slope of the regression line is statistically significant.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
| 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 |
Interpret the Y-intercept of the regression equation. Choose the correct answer below.
It is not appropriate to interpret the Y-intercept because it is outside the range of observed wedding costs.
The Y-intercept indicates that a wedding with a cost of $0 has a mean predicted attendance of
b 0b0
people.It is not appropriate to interpret the Y-intercept because it is outside the range of observed attendances.
The Y-intercept indicates that a wedding with an attendance of 0 people has a mean predicted cost of
$b 0b0.
Part 4
Identify and interpret the meaning of the coefficient of determination in this problem. Select the correct choice below and fill in the answer box to complete your choice.
(Round to three decimal places as needed.)
The coefficient of determination is
correlation between the variables is statistically significant.
Upper R squaredR2equals=enter your response here.
This value is the probability that the The coefficient of determination is
Upper R squaredR2equals=enter your response here.
This value is the proportion of variation in wedding cost that is explained by the variation in attendance.The coefficient of determination is
Upper R squaredR2equals=enter your response here.
This value is the proportion of variation in attendance that is explained by the variation in wedding cost.The coefficient of determination is
Upper R squaredR2equals=enter your response here.
This value is the probability that the slope of the regression line is statistically significant.Expert Solution
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