Concur Technologies, Inc., is a large expense-management company located in Redmond, Washington. The Wall Street Journal asked Concur to examine the data from 8.3 million expense reports to provide insightsregarding business travel expenses. Their analysis of the data showed that New York was the most expensive city, with an average daily hotel room rate of $198 and an average amount spent on entertainment,including group meals and tickets for shows, sports, and other events, of $172. In comparison, the U.S. averages for these two categories were $89 for the room rate and $99 for entertainment. The table in the ExcelOnline file below shows the average daily hotel room rate and the amount spent on entertainment for a random sample of 9 of the 25 most visited U.S. cities (The Wall Street Journal, August 18, 2011). Construct aspreadsheet to answer the following questions.XOpen spreadsheeta. Choose the correct diagram for these data with the room rate as the independent variable.The correct scatter diagram is diagram D ✓b. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables?The scatter diagram indicates a positivec. Develop the least squares estimated regression equation.Entertainment =+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 approximatelySo, for every dollar increasein the hotel room rate the amount spent on entertainment increases by $e. The average room rate in Chicago is $128, considerably higher than the U.S. average. Predict the entertainment expense per day for Chicago (to whole number).A.B.$Entertainment (S)-180160140120100-80180160Entertainment ($)14012010080-80.8090 100 11090·100linear relationship between the hotel room rate and the amount spent on entertainment.120 130 140Hotel Room Rate (S)150 160 170110 120 130 140 150 160 170Hotel Room RadRate ($)C.D.-160-140-120-100-80-180Entertainment ($)-160-14012010080 90-808010090100110 120 130 140 150 160 170+Hotel Room Rate ($)110120 130 140 150 160 170Hotel Room Rate ($) 1City2 Boston3 Denver4 Nashville5 New Orleans6 Phoenix7 San Diego8910 Tampa11121314151617181920212223A24252627282930San FranciscoSan JoseBHotel Room Rate Entertainment($)($)14610090113921031328782163104991439812116614098DEPart a.Part c.Part e.SlopeInterceptGUse the area below to draw a scatter diagram.Room Rate in ChicagoEntertainment Expense forChicagoH128Formula#N/A#N/A#N/AJK

Given the data on the Hotel Room Rates and the Entertainment for different cities. The data is as…

Concur Technologies, Inc., is a large expense-management company located in Redmond, Washington. The Wall Street Journal asked Concur to examine the data from 8.3 million expense reports to provide insights regarding business travel expenses. Their analysis of the data showed that New York was the most expensive city, with an average daily hotel room rate of $198 and an average amount spent on entertainment, including group meals and tickets for shows, sports, and other events, of $172. In comparison, the U.S. averages for these two categories were $89 for the room rate and $99 for entertainment. The table in the Excel Online file below shows the average daily hotel room rate and the amount spent on entertainment for a random sample of 9 of the 25 most visited U.S. cities (The Wall Street Journal, August 18, 2011). Construct a spreadsheet to answer the following questions. Open spreadsheet a. Choose the correct diagram for these data with the room rate as the independent variable. The correct scatter diagram is diagram D✔. b. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? The scatter diagram indicates a positive c. Develop the least squares estimated regression Entertainment= [ ]+[ d. Provide an interpretation for the slope of the estimated regression equation (to 3 decimals). The slope of the estimated regression line is approximately [ A. B. Entertainment ($) e. 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). $ 180 +160 140 -120 -100 -80 -180 +160 . -100 linear relationship between the hotel room rate and the amount spent on entertainment. equation. Room Rate (to 4 decimals) SO 90 100 Entertainment ($) 140 F... -120 SO 90 100 120 Hotel Room Rate (5) . So, for every dollar increase in the hotel room rate the amount spent on entertainment increases by s 110 120 130 140 150 160 170 +Hotel Room Rate (5) Battl 110 130 140 150 160 170 C. D. +160 -140 -120 +100 -80 Entertainment (5) +180 +160 +140 -120 +100 SO 90 100 110 120 130 140 150 160 170 Hotel Room Rate (5) food -80 ". SO 90 100 110 120 130 140 150 160 170 ottofond Hotel Room Rate (5)