A study was recently performed by the Internal Revenue Service to determine how much tip income waiters and waitresses should make based on the size of the bill at each table. A random sample of bills and resulting tips were collected. These data are shown as follows:

Total Bill	Tip
$126	$19
$58	$11
$86	$20
$20	$3
$59	$14
$120	$30
$14	$2
$17	$4
$26	$2
$74	$16

Based upon these data, what is the approximate predicted value for tips if the total bill is $100?

Answer rating: 100% (QA)

To approximate the predicted value for tips if the total bill is 100 we can use simple linear regres... View the full answer