Use the time/tip data from the table below, which includes data from New York City taxi rides. (The distances are in miles, the times are in minutes, the fares are in dollars, and the tips are in dollars.) Find the regression equation, letting time be the predictor (x) variable. Find the best predicted tip for a ride that takes 26 minutes. How does the result compare to the actual tip amount of $5.46? Distance 0.68 1.80 1.65 1.02 1.40 0.49 6.00 25.00 11.00 8.00 18.00 2.00 6.30 16.30 9.80 7.80 12.30 1.89 1.50 1.96 2.34 2.46 Time Fare Tip 12.71 2.47 27.00 18.00 4.80 36.80 14.30 4.29 0.00 0.00 The regression equation is y = + (0.0053)x. (Round the y-intercept to two decimal places as needed. Round the slope to four decimal places as needed.) The best predicted tip for a ride that takes 26 minutes is $ (Round to the nearest cent as needed.)
Use the time/tip data from the table below, which includes data from New York City taxi rides. (The distances are in miles, the times are in minutes, the fares are in dollars, and the tips are in dollars.) Find the regression equation, letting time be the predictor (x) variable. Find the best predicted tip for a ride that takes 26 minutes. How does the result compare to the actual tip amount of $5.46? Distance 0.68 1.80 1.65 1.02 1.40 0.49 6.00 25.00 11.00 8.00 18.00 2.00 6.30 16.30 9.80 7.80 12.30 1.89 1.50 1.96 2.34 2.46 Time Fare Tip 12.71 2.47 27.00 18.00 4.80 36.80 14.30 4.29 0.00 0.00 The regression equation is y = + (0.0053)x. (Round the y-intercept to two decimal places as needed. Round the slope to four decimal places as needed.) The best predicted tip for a ride that takes 26 minutes is $ (Round to the nearest cent as needed.)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
1.87 was wrong please help ()())
Transcribed Image Text:Use the time/tip data from the table below, which includes data from New York City taxi rides. (The distances are in
miles, the times are in minutes, the fares are in dollars, and the tips are in dollars.) Find the regression equation, letting
time be the predictor (x) variable. Find the best predicted tip for a ride that takes 26 minutes. How does the result
compare to the actual tip amount of $5.46?
Distance 0.68 1.80 1.65 1.02 1.40
6.00 25.00 11.00
8.00
9.80 7.80
2.34
Time
Fare
Tip
6.30 16.30
1.89 1.50 1.96
2.47
0.49 12.71
27.00 18.00
18.00 2.00
12.30 4.80 36.80 14.30
2.46 0.00 0.00
4.29
The regression equation is y = 1.7 + (0.0053) x.
(Round the y-intercept to two decimal places as needed. Round the slope to four decimal places as needed.)
The best predicted tip for a ride that takes 26 minutes is $
(Round to the nearest cent as needed.)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman