MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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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 |
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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