In a simple regression analysis with age as the only explanatory variable, the effects of other factors, such as faminc, are

In the error term.

Step-by-step explanation:

A simple linear regression is a regression that has only one explanatory variable. It tries to establish the existing relationship between the variable of interest (dependent variable) and the explanatory variable (independent variable).

Since age is the only explanatory variable, other variables such as faminc would be in the error term. The error term exists because the explanatory variable is never able to on its own to predict the dependent variable perfectly.

the final amount you will pay is $68.04.

the tip is determined by the pre-tax amount, so we calculate the tip based on the original bill, not after we've added sales tax.

to find the tip:

we can divide 54.00 by 100 to get 1% of 54. then we multiply that by 18.

54 / 100 = .54

.54 x 18 = 9.72

tip = 9.72$

to find the tax:

we can divide 54.00 by 100 to get 1% of 54. then we can multiply that by 8 to get 8%.

54 / 100 = .54

.54 x 8 = 4.32

tax= 4.32

now we can add the tip and tax to the bill to get our total.

54 + 9.72 + 4.32 = 68.04

total: $68.04

step-by-step explanation: