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The table attached indicates the amount spent per family, the number of family members, and the distance from Wallmart families live. Wallmart Spend ($) Number

The table attached indicates the amount spent per family, the number of family members, and the distance from Wallmart families live.

Wallmart

Spend ($) Number of Family members Distance from the Parks (KM)
38.39 4 20
31.04 5 34
51.45 6 11
107.19 3 61
144.24 3 119
72.54 3 28
36.13 2 41
100.09 6 85
151.96 6 148
82.3 6 13
201.18 7 134
91.74 5 70
56.66 4 4
56.69 1 50
19.9 3 59
99.32 5 34
62.82 7 28
25.74 3 5
94.84 5 43
132.31 4 132
86.52 4 96
25.33 4 20
17.2 7 9
158.95 8 108
64.97 4 38
152.15 7 73
130.47 2 143
161.04 7 107
27.41 6 9
165.2 7 130
13.15 4 24
75 2 3
50.7 1 82
64.63 1 40
44.94 4 6
93.02 6 59
45.62 4 42
84.72 7 26
53.52 8 14
169.76 7 134
62.07 7 45
146.18 3 144
130.92 1 119
64.05 5 44
81.57 1 85
66.42 4 85
80.26 1 136
51.85 3 39
138.65 2 141
150.89 1 118
55 7 8
26.38 5 11
113.5 5 81
85.86 3 119
192.3 8 99
85.54 1 38
26.93 1 27
97.77 5 68
107.21 4 62
44.77 5 7
175.82 5 147
114.88 3 65
80.97 1 87
155.53 4 145
134.27 6 90
179.69 6 136
30.9 3 1
18.62 3 27
118.37 3 72
106.52 6 55
88.75 8 70
23.19 4 40
126.24 4 65
91.22 2 42
101.2 2 38
29.86 1 88
120.87 8 64
63.94 5 23
100.04 5 89
41.42 1 100
167.42 8 89
21.04 1 28
4.59 2 7
115.66 1 136
71.57 7 53
69.12 6 18
143.79 5 136
183.82 2 141
150.98 8 145
105.84 6 21
139.27 6 104
23.91 2 8
154.14 4 111
139.32 7 72
77.43 3 122
87.18 2 76
141.37 1 138
170.74 7 103
102.15 3 99
7.05 1 17
118.59 4 63
134.19 8 48
127 4 103
70.75 1 133
53.68 4 49
156.7 2 148
61.45 1 47
67.71 5 21
75.53 5 49
58.12 4 21
83.06 8 23
99.45 6 85
54 1 18
175.77 4 116
89.18 5 40
84.84 1 106
42.82 6 55
82.1 8 40
101.23 4 65
161.93 5 142
131.82 6 62
110.29 3 141
42.37 4 16
135.65 3 118
39.56 4 11
  1. Run a regression analysis using Excel to determine the variable(s) that significantly influence the amount of money families spend at the Wallmart.

Note: use a 95% confidence level.

  1. Which variable(s) significantly affect(s) amount spent? Explain?
  2. What is the amount of variation that the number of family members and distance from the Wallmart explain?
  3. Is the regression model significant? Explain.
  4. Based on the Excel output, what is the regression equation?

5. Based on the regression equation, estimate the amount of spending a family of 8 that lives 32 kilometers from the Wallmart is expected to spend.

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