Question: b . Assuming a linear relationship, use the least - squares method to compute the regression coefficients and . enter your response here and enter
b Assuming a linear relationship, use the leastsquares method to compute the regression coefficients and
enter your response here and
enter your response here
Round to two decimal places as needed.
Part
c Interpret the meaning of the Yintercept, and the slope, Choose the correct answer below.
A
The Yintercept, implies that if the summated rating of a restaurant is zero, the cost per person is in dollars. The slope, implies the average cost per person is dollars.
B
A practical interpretation of the Yintercept is not meaningful because no operating restaurant is likely to have a rating of zero. The slope implies that for each increase of in the summated rating, the cost per person is expected to increase by the value of in dollars.
C
The Yintercept, implies that if the summated rating of a restaurant is zero, the cost per meal is equal to in dollars. The slope, implies that for each increase of in the summated rating, the cost per person is expected to decrease by in dollars.
D
The Yintercept, implies that if the summated rating of a restaurant is zero, the cost per meal is equal to in dollars. The slope, implies that for each increase of dollar in the cost per person, the summated rating is expected to increase by
Part
d Predict the mean cost per person for a restaurant with a summated rating of
$
enter your response here per person Round to the nearest cent as needed.
Part
e What should you tell the owner of a group of restaurants in this geographical area about the relationship between the summated rating and the cost of a meal?
A
As expected, the higher the summated rating of the restaurant, the higher the restaurant can charge per meal.
B
As expected, the lower the summated rating of the restaurant, the higher the restaurant can charge per meal.
C
As expected, the higher the summated rating of the restaurant, the less the restaurant can charge per meal.
D
As expected, the summated rating of the restaurant is not associated with what the restaurant can charge per meal.
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