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…

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter3: Polynomial Functions

Section3.5: Mathematical Modeling And Variation

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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