Question
Summated_Rating Cost_($_per_person) 54 39 69 49 66 60 66 58 66 41 58 38 52 44 62 43 51 35 51 34 54 39 49
Summated_Rating Cost_($_per_person)
54 39
69 49
66 60
66 58
66 41
58 38
52 44
62 43
51 35
51 34
54 39
49 35
74 86
64 52
56 38
47 36
56 33
44 25
55 42
54 46
67 63
65 60
53 25
73 49
65 49
A magazine publishes restaurant ratings for various locations around the world. The magazine rates the restaurants forfood, dModifyingAbove e with accent
ecor, service, and the cost per person. Develop a regression model to predict the cost perperson, based on a variable that represents the sum of the three ratings. The magazine has compiled the accompanying table of this summated ratings variable and the cost per person for 25 restaurants in a major city. Complete parts(a) through(e) below.
Assuming a linearrelationship, use theleast-squares method to compute the regression coefficients b0 and b1.
b0= ___ and b1= ____
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