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Assignment 14

BA

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28 views3 pages

Assignment 14

BA

Uploaded by

thutran.31231022940
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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9.

Using the Excel file Weddings, apply the Excel Regression tool using the wedding cost as the
dependent variable and attendance as the independent variable.

a. Interpret all key regression results, hypothesis tests, and confidence intervals in the output.

d. If a couple is planning a wedding for 175 guests, how much should they budget?

STEP 1: R2 (Adjusted) = 0.518

Model Summary

Model R R Square Adjusted R Square Std. Error of the Estimate

dimension0
1 .733a .538 .518 $9,195.24555

a. Predictors: (Constant), Attendance

 The trend line fit with the data and it is a moderate fit
 51.8% of the Wedding Cost is explained by the Attendance

STEP 2: Hypothesis

H0 : There is no regression line

H1 : There is regression line

ANOVAb

Model Sum of Squares df Mean Square F Sig.

1 Regression 2.262E9 1 2.262E9 26.753 .000a

Residual 1.945E9 23 8.455E7

Total 4.207E9 24

a. Predictors: (Constant), Attendance


b. Dependent Variable: Wedding cost

F = 6.010, p<0.001  Accept H1  There is a regression line

STEP 3: Assessment of coefficient


Coefficientsa

Model Unstandardized Standardized 95.0% Confidence Interval


Coefficients Coefficients for B

B Std. Error Beta t Sig. Lower Bound Upper Bound

1 (Constant) 1905.689 4980.846 .383 .706 -8397.977 12209.354

Attendance 130.121 25.157 .733 5.172 .000 78.080 182.163

a. Dependent Variable: Wedding cost

t = 0.383, p>0.05  Constant is not significant

Attendance: t = 5.172, p<0.05  coefficient is significant

 Unstandardized Coefficient:

d. WD = 130*ATT

 ATT = 175  WD = 22750

 Standardized Coefficient:

WD = 0.731*ATT

 The ATT has positive impact on WD

10. Using the Excel file Weddings, apply the Excel Re gression tool using the wedding cost as the
dependent variable and the couple’s income as the independent variable, only for those weddings
paid for by the bride and groom.

a. Interpret all key regression results, hypothesis tests, and confidence intervals in the output.

d. If a couple makes $70,000 together, how much would they probably budget for the wedding?

STEP 1: R2 (Adjusted) = 0.312

Model Summary

Model R R Square Adjusted R Square Std. Error of the Estimate

dimension0
1 .631a .398 .312 $1.06323E4

a. Predictors: (Constant), Couple's Income


 The trend line fit with the data and it is a weak fit
 31.2% of the Wedding Cost is explained by the Couple’s Income

STEP 2: Hypothesis

 H0 : There is no regression line


 H1 : There is regression line

ANOVAb

Model Sum of Squares df Mean Square F Sig.

1 Regression 5.236E8 1 5.236E8 4.632 .068a

Residual 7.913E8 7 1.130E8

Total 1.315E9 8

a. Predictors: (Constant), Couple's Income


b. Dependent Variable: Wedding cost

F = 4.632, p>0.05  Accept H0  There is no regression line

d. Because there is no regression line so we can’t compute the results

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