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.
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.
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.CR: Chapter Review Exercises
Problem 15CR: Life Expectancy The following table shows the average life expectancy, in years, of a child born in...
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 |
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.
It is not appropriate to interpret the slope because it is outside the range of observed attendances.
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.
It is not appropriate to interpret the slope because it is outside the range of observed wedding costs.
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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