Thank you. Hotel RoomEntertainmentRate (S)Part a.Use the area belowto draw a scatter diagram.CityBoston(5)144159Denver100104Chart TitleNashville8899180New OrleansPhoenixSan Diego11092142160100140105122120San Francisco135166100San Jose9114180Tampa809960402020406080100120140160H• Series1Part c.Formula=SLOPE (C2C 10,B2:B10)Slope1.0504Intercept15.4858|=IN TERCEPT(C2:C10, B2 B10)Part e.Room Rate in Chicago128Entertainment Expense forChicago150=G23+G21*G26 Hotel Room Rate (S)b. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables?The scatter diagram indicates a positivevO linear relationship between the hotel room rate and the amount spent on entertainment.c. Develop the least squares estimated regression equation.Entertainment = ||+ 150* Room Rate (to 4 decimals)d. Provide an interpretation for the slope of the estimated regression equation (to 3 decimals).The slope of the estimated regression line is approximately 1.0504 V. So, for every dollar increaseO in the hotel room rate the amount spent onentertainment increases by $ 150e. The average room rate in Chicago is $128, considerably higher than the U.S. average. Predict the entertainment expense per day for Chicago (to whole number).$ 150

Name: Thank you. Hotel RoomEntertainmentRate (S)Part a.Use the area belowto
Uploaded: 2024-03-20T07:07:37.000Z
Channel: Bartleby
Description: Thank you. Hotel RoomEntertainmentRate (S)Part a.Use the area belowto draw a scatter diagram.CityBoston(5)144159Denver100104Chart TitleNashville8899180New OrleansPhoenixSan Diego11092142160100140105122120San Francisco135166100San Jose9114180Tampa8099