Consider the following to answer the question(s) below:
To determine whether the tip left at the end of a meal is related to the size of the total bill at their restaurant, Chez Michelle, data were gathered for 10 customers. The data and summary statistics are shown below.
-The regression equation would predict what size of tip if the total bill was $120?
Definitions:
Significance Level
The chance of falsely discrediting the null hypothesis in a statistical examination, usually symbolized by alpha.
Car Dealer
A commercial organization that retails brand-new or pre-owned vehicles, operating under a dealership agreement with a car manufacturer or its sales division.
Interval Estimate
A range of values used to estimate a population parameter, typically expressed through confidence intervals.
Confidence
The degree of certainty or belief in a statistical estimate or hypothesis.
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