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    simple regression Regression analysis

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    These data are for a sample of 10 college students who work at weekend jobs in restaurants. (a) Fit an "eyeball" regression equation to this scatter plot of Y = tips earned last weekend and X = hours worked.(b) Interpret the slope. (c) Interpret the intercept. Would the intercept have meaning in this example?

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    Regression line
    Clearly the line passes through (0,0). Thus the y intercept =0. Other two points in the line ...

    Solution Summary

    The solution provides step by step method for the calculation of regression model for tips earned and hours worked . Formula for the calculation and Interpretations of the results are also included.