Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Regression analysis was performed on the Weddings data to determine a model for predicting cost as a function of attendance. Use the accompanying results on
Regression analysis was performed on the Weddings data to determine a model for predicting cost as a function of attendance. Use the accompanying results on the data to analyze the residuals to determine if the assumptions underlying the regression analysis are valid. In addition, use the standard residuals to determine if any possible outliers exist. Regression Statistics Multiple R 0.734 R Square 0.539 Standard Error 9485.870 Observations 25 ANOVA df SS MS F Significance F Regression 1 2417126407.485 2417126407.485 26.86 0.000 Residual 23 2069579992.515 89981738.805 Total 24 4486706400.000 Coefficients Standard Error t Stat P-value Intercept 938.712 5138.271 0.18 0.572 Attendance 134.507 25.952 5.18 0.000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started