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 - 393. 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 = OB. + OC. y = + b. What does the symbol y represent? O A. The symbol y represents the amount that price increases with a 1-point increase in rating. O B. The symbol y represents the expected price when the hotel's rating is 0. O C. The symbol y represents the predicted value of price. D. The symbol y represents the average price of hotels in the area.
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 - 393. 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 = OB. + OC. y = + b. What does the symbol y represent? O A. The symbol y represents the amount that price increases with a 1-point increase in rating. O B. The symbol y represents the expected price when the hotel's rating is 0. O C. The symbol y represents the predicted value of price. D. The symbol y represents the average price of hotels in the area.
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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
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
representing price, we find that the regression equation has a slope of 125 and a y-intercept of
y
393. 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 =
ОВ.
y =
+
Ос.
y =
+
OD.
y
+
X
=
b. What does the symbol y represent?
O A. The symbol y represents the amount that price increases with a 1-point increase in rating.
B. The symbol y represents the expected price when the hotel's rating is 0.
O c. The symbol y represents the predicted value of price.
O D. The symbol y represents the average price of hotels in the area.
+
II
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