Question: Different hotels in a certain area are randomlyselected, and their ratings and prices were obtained online. Usingtechnology, with x representing the ratings and y representingprice,
Different hotels in a certain area are randomlyselected, and their ratings and prices were obtained online. Usingtechnology, with x representing the ratings and y representingprice, we find that the regression equation has a slope of 130 and ay-intercept of 386. Complete parts(a) and(b) below.
a. What is the equation of the regressionline? Select the correct choice below and fill in the answer boxes
b. What does the symbol ^y represent?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
