Use the time/fare data from Exercise 15 and find the best predicted fare amount for a time of 20 minutes. How does the result compare to the actual fare of $15.30?

Data in Exercise 15

Use the time>tip data from the table below, which includes data from New York City taxi rides (from Data Set 32 “Taxis” in Appendix B). (The distances are in miles, the times are in minutes, the fares are in dollars, and the tips are in dollars.) Find the best predicted tip for a ride that takes 20 minutes. How does the result compare to the actual tip amount of $4.55?

Distance Time Fare Tip 0.68 6.00 6.30 1.89 2.47 18.00 14.30 4.29 8.51 12.71 31.00 27.00 31.75 36.80 2.98 0.00 1.65 11.00 9.80 1.96 1.02 8.00 7.80 2.34 1.32 8.00 7.80 0.00 0.49 2.00 4.80 0.00