Chapter 14.6, Problem 39E

Entertainment Spend. The Wall Street Journal asked Concur Technologies, Inc., an expense-management company, to examine data from 8.3 million expense reports to provide insights regarding business travel expenses. Their analysis of the data showed that New York was the most expensive city. The following table shows the average daily hotel room rate (x) and the average amount spent on entertainment (y) for a random sample of 9 of the 25 most visited U.S. cities. These data lead to the estimated regression equation $\hat{y}=17.49+1.0334x$. For these data, SSE = 1541.4.

Predict the amount spent on entertainment for a particular city that has a daily room rate of $89.