find-the-regression-equation-letting-the-first-variable-be-the-predictor-x-varia

Question

Find the regression equation, letting the first variable be the predictor (x) variable. Then determine the indicated predicted value. Use the data from 10 hair salon visits listed below. Suppose the appointment time is 75 minutes. How does the predicted tip compare to the actual tip of \$12.50?

Accepted Answer

$12.63; The predicted value is very close to the actual value.

Answer

$10.06; The predicted value is much lower compared to the actual value.

Answer

$24.65; The predicted value is much higher compared to the actual value.

Answer

$17.50; The predicted value is much higher compared to the actual value.