Problem 2: Two numerical variables. Data below show 19 dinners\' bill and tip am

Question

Problem 2: Two numerical variables. Data below show 19 dinners' bill and tip amounts bi11 exp 1 17.99 2.0000 2 26.05 4.00G0 3 79.49 14.3062 4 32.69 S.5000 5 29.97 6.0000 6 23.91 7.5000 7 18.1e 3.0600 8 41.23 8.5000 9 25.19 8.5000o 10 19.22 3.0000 11 20.60 5.0000 12 30.15 3.5000 13 31.03 3.0000 14 124.44 22.3992 15 69.40 18.0000 16 23.45 .sooo 17 19.75 2.5000 18 39.B8 7.5000 19 21.19 5.0000 (a) What should be the response variable and what should be the explanatory variable? (2 pts) . Response Variable: ·Explanatory Variable: P (b) Fit a simple linear model between the response and explanatory variabs. Write down your fitted model in terms of the two variables. (5 pts) (c) Interpret the slope in your fitted model. (3 pts) freach 1 dolar increase in LsU. the tip aw .1g.k89 on avera3e (d) Interpret the Re value from your fitted model. (3 pts) of variab. 1.

Explanation / Answer

From the given date the response variable or independent variable is tip

And the explanatory or dependent variable is bill

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