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.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!