Different hotels in a certain area are randomly selected, and their ratings and prices were obtained online. Using technology, with x representing the ratings and y representing price, we find that...


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Different hotels in a certain area are randomly selected, and their ratings and prices were obtained online. Using technology, with x representing the ratings and y representing price, we find that the regression equation has a slope of 135 and a<br>y-intercept of - 387. Complete parts (a) and (b) below.<br>a. What is the equation of the regression line? Select the correct choice below and fill in the answer boxes to complete your choice.<br>O A. ŷ=<br>+<br>y =<br>+<br>С.<br>y =<br>+<br>D.<br>y =<br>+<br>b. What does the symbol y represent?<br>A. The symbol y represents the predicted value of price.<br>O B. The symbol y represents the expected price when the hotel's rating is 0.<br>C. The symbol y represents the amount that price increases with a 1-point increase in rating.<br>D. The symbol y represents the average price of hotels in the area.<br>B.<br>

Extracted text: Different hotels in a certain area are randomly selected, and their ratings and prices were obtained online. Using technology, with x representing the ratings and y representing price, we find that the regression equation has a slope of 135 and a y-intercept of - 387. Complete parts (a) and (b) below. a. What is the equation of the regression line? Select the correct choice below and fill in the answer boxes to complete your choice. O A. ŷ= + y = + С. y = + D. y = + b. What does the symbol y represent? A. The symbol y represents the predicted value of price. O B. The symbol y represents the expected price when the hotel's rating is 0. C. The symbol y represents the amount that price increases with a 1-point increase in rating. D. The symbol y represents the average price of hotels in the area. B.

Jun 07, 2022
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