Use the time/tip data from the table below, which includes data from New York City taxi rides. (The distances are in miles, the times are in minutes, the fares are in dollars, and the tips are in dollars.) Find the regression equation, letting time be the predictor (x) variable. Find the best predicted tip for a ride that takes 20minutes. How does the result compare to the actual tip amount of $4.55? Distance1.401.650.681.328.511.801.0212.71 Time18.0011.006.008.0031.0025.008.0027.00 Fare12.309.806.307.8031.7516.307.8036.80Tip2.461.961.890.002.981.502.340.00The regression equation isy=enter your response here+enter your response herex.(Round the y-intercept to two decimal places as needed. Round the slope to four decimal places as needed.) The best predicted tip for a ride that takes 20 minutes is$enter your response here.(Round to the nearest cent as needed.)

Given data: Distance Time Fare Tip 1.4 18 12.3 2.46 1.65 11 9.8 1.96 0.68 6 6.3 1.89…

Answered: Use the time/tip data from the table…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section: Chapter Questions

Problem 4SGR

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Use the time/tip data from the table below, which includes data from New York City taxi rides. (The distances are in miles, the times are in minutes, the fares are in dollars, and the tips are in dollars.) Find the regression equation, letting time be the predictor (x) variable. Find the best predicted tip for a ride that takes 20
minutes. How does the result compare to the actual tip amount of $4.55?

Distance	1.40	1.65	0.68	1.32	8.51	1.80	1.02	12.71
Time	18.00	11.00	6.00	8.00	31.00	25.00	8.00	27.00
Fare	12.30	9.80	6.30	7.80	31.75	16.30	7.80	36.80
Tip	2.46	1.96	1.89	0.00	2.98	1.50	2.34	0.00