A magazine collected the ratings for food, decor, service and the cost per person for a sample of 96 restaurants. Theycombined the ratings to create a summated rating and used that to predict the cost of a restaurant meal. The data aremodeled by Y₁ = -29.714+1.1408X,, where X, is the summated ratings and Ỹ is meal cost. For these data,Syx = 8.646, X = 62.49, and h₁ = 0.025821 when X= 54. Complete parts (a) through (c).a. Construct a 95% confidence interval estimate of the mean cost of a meal for restaurants that have a summatedrating of 54.Sμy|x = x₁ S(Type integers or decimals. Round to three decimal places as needed. Use ascending order.)1DO...+LViSVi!(1,0)MoreX

Given that: The simple regression model is: Y^i=-29.714+1.1408Xi SYX=8.646X¯=62.49hi=0.025821Xi=54

Answered: A magazine collected the ratings for…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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