Question: Given the following equation Tip = -0.35 + 0.23 * BillAmount, how should we interpret the intercept? O If the bill amount is zero, then

Given the following equation Tip = -0.35 + 0.23 * BillAmount, how should we interpret the intercept? O If the bill amount is zero, then the predicted tip amount is negative $0.23 O If the bill amount is zero, then the predicted tip amount is negative $0.35 O If the bill amount is zero, then the predicted tip amount is positive $0.23 O If the bill amount is zero, then the predicted tip amount is positive 0.35
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
