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 -363. 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 OA y OB Oc OD. y" b. What does the symboly represent? OA. The symboly represents the expected price when the hotel's rating is 0. OB. The symboly represents the predicted value of price. OC. The symbol y represents the amount that price increases with a 1-point increase in rating OD. The symboly represents the average price of hotels in the area

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
icon
Related questions
Question

Answer both plz.     

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 -363. 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
OA y
Oc
OD. y
b. What does the symboly represent?
OA. The symboly represents the expected price when the hotel's rating is 0.
OB. The symboly represents the predicted value of price.
OC. The symbol y represents the amount that price increases with a 1-point increase in rating
D. The symboly represents the average price of hotels in the area
Transcribed Image 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 -363. 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 OA y Oc OD. y b. What does the symboly represent? OA. The symboly represents the expected price when the hotel's rating is 0. OB. The symboly represents the predicted value of price. OC. The symbol y represents the amount that price increases with a 1-point increase in rating D. The symboly represents the average price of hotels in the area
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,