Answered: Wedding Cost Attendance 62700 300 50000…

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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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

Identify and interpret the

9595%

confidence interval estimate of the population slope.

The confidence interval is

enter your response hereless than or equals≤

▼

beta 1β1

b 0b0

beta 0β0

b 1b1

less than or equals≤enter your response here.

With

9595%

confidence, it can be said that true expected mean increase in

▼

wedding cost

attendance

per additional

▼

person attending

dollar spent on

the wedding is within the bounds of the confidence interval.

(Round to three decimal places as needed.)

Part 10

c. If a couple is planning a wedding for

225225

guests, how much should they budget?

They should budget

$enter your response here.

(Round to the nearest dollar as needed.)

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