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Question 4 A magazine publishes restaurant ratings for various locations around the world. The magazine rates the restaurants for food, decor, service, and the cost

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Question 4 A magazine publishes restaurant ratings for various locations around the world. The magazine rates the restaurants for food, decor, service, and the cost per person. Given below are the output for predicting cost (RM per person) using the summated ratings for a sample of 25 hotels in a major city. Answer the questions based on the statistical output. Model Summary Model R R Square Adjusted R Std. Error of the Square Estimate 0.778 0.605 0.587 8.601 a. Predictors: (Constant), Rating b. Dependent Variable: Cost (RM) Coefficient Unstandardized Model Coefficients Std. Error B p-value (Constant) -33.329 13.288 -2.508 0.020 Income 1.331 0.224 5.929 0.001 b. Dependent Variable: Cost (RM) i. What is the value of the coefficient of correlation and explain this value in relation to the problem? ii. What are the values of the Y- intercept, a and the slope, b? Write the regression equation for this problem from the output? iii. Interpret the meaning of the Y- intercept, a for this problem. Interpret the meaning of the slope, b for this problem. iv. Predict the COST if the RATING is 72

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