Consider the following to answer the question(s) below:
A study was recently performed by the Canada Revenue Agency to determine how much tip income waiters and waitresses would make based on the size of the bill at the table. A random sample of bills and resulting tips was collected. These data and regression results are as follows:

-Based upon the regression equation, what is the predicted value for tips if the total bill is $100?
A) $20.61
B) $26.03
C) $15.55
D) $12.88
E) $21.28

Question

Consider the following to answer the question(s) below:
A study was recently performed by the Canada Revenue Agency to determine how much tip income waiters and waitresses would make based on the size of the bill at the table. A random sample of bills and resulting tips was collected. These data and regression results are as follows:
  
-Based upon the regression equation, what is the predicted value for tips if the total bill is $100?
A) $20.61 
B) $26.03 
C) $15.55 
D) $12.88 
E) $21.28

Quizplus · Accepted Answer

The predicted value for tips when the total bill is $100 is $20.61, as per the regression equation provided.

Consider the Following to Answer the Question(s) Below