A magazine publishes restaurant ratings for various locations around the world. The magazine rates the restaurants for food, decor, service, and the cost per person. Develop a regression model to predict the cost per person, based on a variable that represents the sum of the three ratings. The magazine has compiled the accompanying table of this summated ratings variable and the cost per person for 25 restaurants in a major city. Complete parts (a) through (e) below. a. Construct a scatter plot. Choose the correct graph below. O A. A Cost (S) 90- Rating 90 B. A Cost (S) 90- 1 Rating 90 C. A Cost (S) 90- Rating 90 Q b. Assuming a linear relationship, use the least-squares method to compute the regression coefficients bo and b₁. bo=and b₁ = (Round to two decimal places as needed) D. A Cost (S) 90- 0- Rating 90

MATLAB: An Introduction with Applications
6th Edition
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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Related questions
Question
A1
A
1 Summated_Rating
2
3
4
5
6
7
8
9
LO
11
12
13
14
15
16
Ō60069
17
18
19
20
21
~ 3 4 5
22
23
24
25
26
27
28
29
55
68
67
65
63
60
52
65
53
48
54
49
74
65
53
48
57
44
54
54
63
65
53
72
69
X
fx
B
Cost_($_per_person)
38
51
59
57
44
38
42
43
33
31
39
36
84
54
38
37
33
22
43
46
63
60
28
46
48
Summated_Rating
с
D
E
F
(5)
G
Transcribed Image Text:A1 A 1 Summated_Rating 2 3 4 5 6 7 8 9 LO 11 12 13 14 15 16 Ō60069 17 18 19 20 21 ~ 3 4 5 22 23 24 25 26 27 28 29 55 68 67 65 63 60 52 65 53 48 54 49 74 65 53 48 57 44 54 54 63 65 53 72 69 X fx B Cost_($_per_person) 38 51 59 57 44 38 42 43 33 31 39 36 84 54 38 37 33 22 43 46 63 60 28 46 48 Summated_Rating с D E F (5) G
A magazine publishes restaurant ratings for various locations around the world. The magazine rates the restaurants for food, decor, service, and the cost per
person. Develop a regression model to predict the cost per person, based on a variable that represents the sum of the three ratings. The magazine has compiled
the accompanying table of this summated ratings variable and the cost per person for 25 restaurants in a major city. Complete parts (a) through (e) below.
a. Construct a scatter plot. Choose the correct graph below.
O A.
90-
0-
0
1
Cost ($)
Rating
90
Q
O B.
90+
0-
0
Cost ($)
30
Rating
90
O C.
A Cost ($)
90-
0-
0
Rating
90
b. Assuming a linear relationship, use the least-squares method to compute the regression coefficients bo and b₁.
bo =
and b₁ =
(Round to two decimal places as needed.)
O D.
90-
0-
0
Cost ($)
સ્થાની ના ૧૧મા
Rating
90
Transcribed Image Text:A magazine publishes restaurant ratings for various locations around the world. The magazine rates the restaurants for food, decor, service, and the cost per person. Develop a regression model to predict the cost per person, based on a variable that represents the sum of the three ratings. The magazine has compiled the accompanying table of this summated ratings variable and the cost per person for 25 restaurants in a major city. Complete parts (a) through (e) below. a. Construct a scatter plot. Choose the correct graph below. O A. 90- 0- 0 1 Cost ($) Rating 90 Q O B. 90+ 0- 0 Cost ($) 30 Rating 90 O C. A Cost ($) 90- 0- 0 Rating 90 b. Assuming a linear relationship, use the least-squares method to compute the regression coefficients bo and b₁. bo = and b₁ = (Round to two decimal places as needed.) O D. 90- 0- 0 Cost ($) સ્થાની ના ૧૧મા Rating 90
Expert Solution
Step 1

Given data:

x y
55 38
68 51
67 59
65 57
63 44
60 38
52 42
65 43
53 33
48 31
54 39
49 36
74 84
65 54
53 38
48 37
57 33
44 22
54 43
54 46
63 63
65 60
53 28
72 46
69 48

x: summated ratings

y: cost per person

The sample size is n=25.

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