A study was recently performed by the Internal Revenue Service to determine how much tip income waiters and waitresses s

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A Study Was Recently Performed By The Internal Revenue Service To Determine How Much Tip Income Waiters And Waitresses S 1 (134.53 KiB) Viewed 51 times

A study was recently performed by the Internal Revenue Service to determine how much tip income waiters and waitresses should make based on the size of the bill at each table and the type of the restaurant (1=Fine dining and O=other). The Excel output is shown below: SUMMARY OUTPUT Regression Statistics Multiple R 0.741647121 R Square 0.550040452 Adjusted R Square 0.516710115 Standard Error 20.54438217 Observations 30 ANOVA df F ignificance F 16.5027 2.08E-05 Regression Residual Total SS MS 2 13930.64 6965.32 27 11395.93 422.0716 29 25326.58 Intercept Size Type Coefficients andard Erro -21.7650 9.4155 5.4703 1.1251 28.5969 7.7298 t Stat -2.3116 4.8621 3.6996 P-value Lower 95% Upper 95% 0.0287 41.0841 -2.4459 0.0000 3.1618 7.7787 0.0010 12.7366 44.4572 If another regression is run, but this time the Type of restaurant is set in Excel such that is Fine dining and 1 is others, what will the y-intercept coefficient be? (keep 4 decimals)