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Example 3. We found the predicted tip amount for three different bills in the Restaurant Tips dataset: Bill $59.33 $9.52 $23.70 Predicted Tip $10.51 $1.44 $4.02 The actual tips left by each of these customers are shown below. Calculate the residuals for each of these points. (1) The tip left on a bill of $59.33 was $10.00. (2) The tip left on a bill of $9.52 was $1.00. (3) The tip left on a bill of $23.70 was $10.00. 3

Example 3. We found the predicted tip amount for three different bills in the Restaurant Tips dataset: Bill $59.33 $9.52 $23.70 Predicted Tip $10.51 $1.44 $4.02 The actual tips left by each of these customers are shown below. Calculate the residuals for each of these points. (1) The tip left on a bill of $59.33 was $10.00. (2) The tip left on a bill of $9.52 was $1.00. (3) The tip left on a bill of $23.70 was $10.00. 3

MATLAB: An Introduction with Applications
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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Example 3. We found the predicted tip amount for three different bills in the Restaurant Tips dataset: Bill $59.33 $9.52 $23.70 Predicted Tip $10.51 $1.44 $4.02 The actual tips left by each of these customers are shown below. Calculate the residuals for each of these points. (1) The tip left on a bill of $59.33 was $10.00. (2) The tip left on a bill of $9.52 was $1.00. (3) The tip left on a bill of $23.70 was $10.00. 3
Transcribed Image Text:Example 3. We found the predicted tip amount for three different bills in the Restaurant Tips dataset: Bill $59.33 $9.52 $23.70 Predicted Tip $10.51 $1.44 $4.02 The actual tips left by each of these customers are shown below. Calculate the residuals for each of these points. (1) The tip left on a bill of $59.33 was $10.00. (2) The tip left on a bill of $9.52 was $1.00. (3) The tip left on a bill of $23.70 was $10.00. 3
Expert Solution
Step 1

Given:

Bill Predicted tip
$59.33 $10.51
$9.52 $1.44
$23.70 $4.02

Formula Used:

Residual = Actual value - Predicted value.

 

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