A company's human resources department is interested in understanding the impact of training hours on employee performance. They have developed a regression model to predict the performance ratings of employees based on the number of hours of training they have received. The regression equation is given by: Y hat=1.50+0.05x^1 If an employee has received 40 hours of training, what would be their predicted performance rating? Group of answer choices 16.50 1.55 3.50 2.00