For Questions 1-11, consider Model 1 below (Number of Recruits vs. Parties Thrown by Fraternity over the previous year).
Context: Crammer Nation University is wanting to develop a regression equation to predict the number of recruits a given fraternity will receive this rush season.
Question #1: Write the simple regression equation for Number of Recruits vs. Parties Thrown by Chapter (over the previous year).
Question #2: Describe the meaning of the y-intercept in this regression equation?
Question #3: Describe the meaning of the slope of this regression equation?