Question

A magazine publishes restaurant ratings for various locations around the world. The magazine rates the restaurants for​ food, modifying above with accent​cor, ​service, and the cost per person. Develop a regression model to predict the cost per​ person, based on a variable that represents the sum of the three ratings. The magazine has compiled the accompanying table of this summated rating variable and the cost per person for 25 restaurants in a major city. Complete parts​ (a) through​ (e) below.

Summated_Rating	Cost_($_per_person)
53	41
66	51
66	62
69	57
66	41
58	42
56	44
61	42
54	31
51	34
52	42
53	37
77	84
63	53
56	36
48	36
54	30
46	23
54	43
57	46
66	65
66	63
55	26
75	47
69	47

B. Assuming a linear​ relationship, use the​ least-squares method to compute the regression coefficients.

b0=

b1=

Answer 1