The Cronch Café, located at the Gulf of Mexico, has an increase in business during the summer vacation season. The owner hires a large number of servers as seasonal help. When he interviews a prospective server, he would like to provide data on the amount a server can earn in tips. He believes that the amount of the bill and the number of diners are both related to the amount of the tip. He gathered this sample information. 1) Develop a multiple regression model with the amount of tips as the dependent variable and the amount of the bill and the amount of diners as independent variables. Write out the regression equation. How much does another diner add to the amount of the tips? 2) Conduct a global test of hypothesis to determine if at least one of the independent variables is significant. What is your conclusion?

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Customer Amount of Tip ($) Amount of Bill ($) Diners
1 5.15 74.5 2
2 4.5 28.23 4
3 1 10.65 1
4 2.4 19.82 3
5 5 28.62 3
6 4.25 24.83 2
7 0.5 6.25 1
8 6 49.2 4
9 5 43.26 3
10 4.65 62.23 1
11 5.6 84.81 1
12 6 34.99 3
13 4 33.91 4
14 3.35 23.06 2
15 0.75 4.65 1
16 3.3 23.59 2
17 3.5 22.3 2
18 3.25 32 2
19 5.4 50.02 4
20 2.25 17.6 3
21 4.35 63.16 6
22 3 20.27 2
23 1.25 19.53 2
24 3.25 27.03 3
25 3 21.28 2
26 6.25 43.38 4
27 5.6 28.12 4
28 2.5 26.25 2
29 6.85 53.08 7
30 8.6 87.85 8
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The Cronch Café, located at the Gulf of Mexico, has an increase in business during
PART II : the summer vacation season. The owner hires a large number of servers as seasonal
1
2
help. When he interviews a prospective server, he would like to provide data on the
3
amount a server can earn in tips. He believes that the amount of the bill and the
4
number of diners are both related to the amount of the tip. He gathered this sample
information.
1) Develop a multiple regression model with the amount of tips as the dependent
variable and the amount of the bill and the amount of diners as independent variables.
Write out the regression equation. How much does another diner add to the amount
of the tips?
7
8
9.
10
2) Conduct a global test of hypothesis to determine if at least one of the independent
variables is significant. What is your conclusion?
11
12
13
14
Task 1
Task 2
Select destination and press ENTER or choose Paste
Average: 14.48308333
Count: 124
Sum: 1737.97
囲
150%
Transcribed Image Text:AutoSave BUSU610ExcelAssignment#7 (2) - Excel Search À Gregg Fells File Home Insert Page Layout Formulas Data Review View Help A Share P Comments E Split CD View Side by Side A Default M Ruler V Formula Bar ZHide D[ Synchronous Scrolling Normal Page Break Page Custom Preview Layout Views H Keep e Exit e New E Options V Gridlines v Headings Zoom 100% Zoom to New Arrange Freeze Switch Macros Selection Window All Panes v OUnhide CO Reset Window Position Windows Sheet View Workbook Views Show Zoom Window Macros D31 8 E H The Cronch Café, located at the Gulf of Mexico, has an increase in business during PART II : the summer vacation season. The owner hires a large number of servers as seasonal 1 2 help. When he interviews a prospective server, he would like to provide data on the 3 amount a server can earn in tips. He believes that the amount of the bill and the 4 number of diners are both related to the amount of the tip. He gathered this sample information. 1) Develop a multiple regression model with the amount of tips as the dependent variable and the amount of the bill and the amount of diners as independent variables. Write out the regression equation. How much does another diner add to the amount of the tips? 7 8 9. 10 2) Conduct a global test of hypothesis to determine if at least one of the independent variables is significant. What is your conclusion? 11 12 13 14 Task 1 Task 2 Select destination and press ENTER or choose Paste Average: 14.48308333 Count: 124 Sum: 1737.97 囲 150%
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