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A Study Was Recently Performed by the Internal Revenue Service

Question 35

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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.A random sample of bills and resulting tips were collected and the following regression results were observed:
SUMMARY OUTPUT 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.A random sample of bills and resulting tips were collected and the following regression results were observed: SUMMARY OUTPUT Given this output,the point estimate for the average tip per dollar amount of the bill is approximately $0.21. Given this output,the point estimate for the average tip per dollar amount of the bill is approximately $0.21.

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