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 - 358. 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. ý=+O O B. y=•O* OC. y=+O)x O D. ŷ=•O × 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 predicted value price. OC. The symbol y represents the expected price when the hotel's rating is 0. O D. The symbol y represents the amount that price increases with a 1-point increase in rating.

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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 135 and a y-intercept
of - 358. 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=
+
X
ОВ.
y =
+
О с.
y =
+
OD.
y =
+
b. What does the symbol y represent?
O A. The symbol y represents the average price of hotels in the area.
B. The symbol y represents the predicted value of price.
O C. The symbol y represents the expected price when the hotel's rating is 0.
O D. The symbol y represents the amount that price increases with a 1-point increase in rating.
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 - 358. 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= + X ОВ. y = + О с. y = + OD. y = + b. What does the symbol y represent? O A. The symbol y represents the average price of hotels in the area. B. The symbol y represents the predicted value of price. O C. The symbol y represents the expected price when the hotel's rating is 0. O D. The symbol y represents the amount that price increases with a 1-point increase in rating.
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