Different hotels in a certain area are randomly selected, and their ratings and prices were obtained online. Using technology, with x representing the ratings andy representing price, we find that the regression equation has a slope of 140 and a y-intercept of -353. Complete parts (a) and (b) below.(...)OC. y=+OD.y=+xb. What does the symbol y represent?OA. The symbol y represents the expected price when the hotel's rating is 0.уOB. The symbol y represents the average price of hotels in the area.OC.The symbol y represents the predicted value of price.OD. The symbol y represents the amount that price increases with a 1-point increase in rating. a. What is the equation of the regression line? Select the correct choice below and fill in the answer boxes to complete your choice.OA+OB.O C. y= +OD. =y=+Xb. What does the symbol y represent?OA. The symbol y represents the expected price when the hotel's rating is 0.

Given: Slope=140 y-Intercept=-353

Answered: Different hotels in a certain area are…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The table and scatter plot show the number of years of experience, x, and the hourly pay rate, y, for each of 10 cashiers in Arizona. The equation of the line of best fit is y = 0.9xr+8.22. Experience, x Hourly pay rate, y (in years) 22 (in dollars) 20+ 0.8 7.47 18- 1.1 9.46 +16- Hourly 2.2 8.91 14+ pay rate 3.1 11.46 (in dollars) 124 10 3.8 12.31 3.8 13.00 6- 5.0 14.50 6.9 12.40 8.5 15.44 10 10 11 8.8 15.79 Experience (in years) Use the equation of the line of best fit to fill in the blanks below. Give exact answers, not rounded approximations. Observed hourly pay Predicted hourly pay Number of years Residual (in dollars) rate rate of experience (in dollars) (in dollars) 5.0 6.9
H. Use the model to predict sales when the business spends $885 ($'000) in the advertisement. Does the model underestimate or overestimate sales? G. What is the value of the coefficient of determination, R2? What does R2 tell us about explained variation in y? (Refer to Coefficient of Determination LO 12-4). H. Use the model to predict sales when the business spends $885 ($'000) in the advertisement. Does the model underestimate or overestimate sales?
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Using the weights (Ib) and highway fuel consumption amounts (mi/gal) of the 48 cars listed in the accompanying data set, one gets this regression equation: y = 58 9-0.00749x, where x represents weight Complete parts (a) through (d). Click the icon to view the car data. 東 b. What are the specific values of the slope and y-intercept of the regression line? O A. The slope is 58.9 and the y-intercept is 0.007499. B. The slope is -0.00749 and the y-intercept is 58.9. O C. The slope is 58.9 and the y-intercept is -0.00749. O D. The slope is 0.00749 and the y-intercept is 58.9. c. What is the predictor variable? O A. The predictor variable is highway fuel consumption, which is represented by x. B. The predictor variable is weight, which is represented by x. O C. The predictor variable is weight, which is represented by y O D. The predictor variable is highway fuel consumption, which is represented by y. d. Assuming that there is a significant linear correlation between weight and highway fuel…

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