Compute the regression coefficients

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Zagat's publishes restaurant ratings for various locations in the US. The file Restaurant contains the Zagat rating for good, décor, service, and the cost per person for a sample of 100 restaurants located in New York City and in a suburb of New York City.

  1. Construct a scatter plot
  2. Compute the regression coefficients and interpret the meaning.
  3. Develop a regression model to predict the cost per person, based on a variable that represents the sum of the ratings for food, décor, and service.
  4. Predict the mean cost per person for a restaurant with a summated rating of 50. 

Reference no: EM133266285

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