Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the Excel file weddings, use the excel regression tool using the wedding cost as the dependent variable and attendance as the independent variable. a.

Using the Excel file weddings, use the excel regression tool using the wedding cost as the dependent variable and attendance as the independent variable.
a. interpret all key regression results.
b. if a couple is planning a wedding for 175 guests, how much they they budget?
image text in transcribed
E F B D 1 Weddings 2 3 Couple's Income Bride's age Payor Wedding cost 4 $130,000 22 Bride's Parents $60,700.00 5 $157,000 23 Bride's Parents $52,000.00 6 $98,000 27 Bride & Groom $47,000.00 7 $72,000 29 Bride & Groom $42,000.00 8 $86,000 25 Bride's Parents $34,000.00 9 $90,000 28 Bride & Groom $30,500.00 10 $43,000 19 Bride & Groom $30,000.00 11 $100,000 30 Bride & Groom $30,000.00 12 $65,000 24 Bride's Parents $28,000.00 13 $78,000 35 Bride & Groom $26,000.00 14 $73,000 25 Bride's Parents $25,000.00 15 $75,000 27 Bride & Groom $24,000.00 16 $64,000 25 Bride's Parents $24,000.00 17 $67,000 27 Groom's Parents $22,000.00 18 $75,000 25 Bride's Parents $20,000 00 19 $67,000 30 Bride's Parents $20,000.00 20 $62,000 21 Groom's Parents $20,000.00 21 $75,000 19 Bride's Parents $19,000.00 22 $52,000 23 Bride's Parents $19,000.00 23 $64,000 22 Bride's Parents $18,000.00 24 $55,000 28 Bride's Parents $16,000.00 25 $53,000 31 Bride & Groom $14,000.00 26 $62,000 24 Bride's Parents $13,000.00 27 $40,000 26 Bride's Parents $7,000.00 28 $45,000 32 Bride & Groom $5,000.00 29 Attendance Value Rating 300 3 350 1 150 3 200 5 250 3 150 3 250 3 300 3 250 3 200 5 150 5 200 5 200 1 200 5 200 5 200 5 100 1 150 3 1 150 1 100 5 100 1 150 1 50 3 50 5 200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach

Authors: Jeffrey Slater

12th edition

978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233

More Books

Students also viewed these Accounting questions

Question

What general kind of reaction does FAD carry out?

Answered: 1 week ago

Question

b. Did you suppress any of your anger? Explain.

Answered: 1 week ago