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 125 and ay-intercept of -378 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 to complete your choice.
A. y= + ( ) x
B. y = + ( ) x
C. y= + ( ) x
D. 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 predicted value of the price.
C. the symbol y represents the amount that price increases with a1-point increase in rating.
D. the symbol y represents the expected price when thehotel's rating is 0.
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