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 125 and a y-intercept of -367. 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. O A. y = O B. -| O C. y= +(Dx O D. =+☆ b. What does the symbol y represent? O A. The symbol y represents the average price of hotels in the area. O B. The symbol y represents the expected price when the hotel's rating is 0. O C. The symbol y represents the amount that price increases with a 1-point increase in rating. O D. The symbol y represents the predicted value of price.

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 125 and a y-intercept of -367. 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. O A. y = O B. -| O C. y= +(Dx O D. =+☆ b. What does the symbol y represent? O A. The symbol y represents the average price of hotels in the area. O B. The symbol y represents the expected price when the hotel's rating is 0. O C. The symbol y represents the amount that price increases with a 1-point increase in rating. O D. The symbol y represents the predicted value of price.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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