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 130 and a y-intercept of - 370. Complete parts (a) and (b) below. b. What does the symbol y represent?

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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 130 and a y-intercept of - 370.
Complete parts (a) and (b) below.
b. What does the symbol y represent?
OA. The symbol y 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 130 and a y-intercept of - 370. Complete parts (a) and (b) below. b. What does the symbol y represent? OA. The symbol y represents the average price of hotels in the area.
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