13.1 Fitting a straight line to a set of data yields the followingprediction line: Y = 2 + 5X, a. Interpret the meaning of the Y intercept, bo- b. Interpret

the meaning of the slope, b. c. Predict the value of Y for X 3. Construct a scatter plot. Assuming a linear relationship, use the least-squares method tocompute the regression coefficients bo and bi. Interpret the meaning of the Yintercept, bo, and the slope, bi, inthis problem. Predict the mean cost per person for a restaurant with asummated rating of 50. What should you tell the owner of a group of restaurants in thisgeographical area about the relationship between the summatedrating and the cost of a meal?