Question: 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

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 130 and a y-intercept of ? 350. 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. y= OB. y= C. OD. y= + + X +

b. What does the symbol y? represent?

A. The symbol y? represents the average price of hotels in the area.

B. The symbol y? represents the amount that price increases with a 1-point increase in rating.

C. The symbol y? represents the predicted value of price.

D. The symbol y? represents the expected price when the hotel's rating is 0.

O A. y= OB. y= C. OD. y= + + X + X X 00 X

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