Scatterplot of Number of Reviews vs the Price for a Sample of 343 Airbnb Reviews 100 200 300 400 The Number of Reviews (a count) 009 009 00€ 007 001 Price (in $)
Scatterplot of Number of Reviews vs the Price for a Sample of 343 Airbnb Reviews 100 200 300 400 The Number of Reviews (a count) 009 009 00€ 007 001 Price (in $)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Use the given info and prompt to answer subquestion 9.a
![Airbnb is an online marketplace used by many travelers when booking lodging all over the world. The
company serves as a broker, receiving commissions from each booking. Guests have the opportunity to give
a review to their host once their lodging is complete. New York City (NYC) is known for high lodging prices.
We took a random sample of 343 Airbnb listings and recorded many variables including price per night (in
dollars) and number of reviews (count). We would like to study the relationship between number of reviews
(counts) and price (in dollars) for all Airbnb listing in NYC. Using regression, we would like to explore if the
number of reviews (explanatory variable) has an effect on the listed price per night (response).
Question 9 Subquestions
.a
• Include a complete description for the relationship between the number of reviews (count) and
price ($) using appropriate context.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F78a71dd1-3ded-4da8-b401-67c1521bc5fc%2F4008a86c-3c47-4c72-8939-62289f4604c2%2Faelgnxk_processed.png&w=3840&q=75)
Transcribed Image Text:Airbnb is an online marketplace used by many travelers when booking lodging all over the world. The
company serves as a broker, receiving commissions from each booking. Guests have the opportunity to give
a review to their host once their lodging is complete. New York City (NYC) is known for high lodging prices.
We took a random sample of 343 Airbnb listings and recorded many variables including price per night (in
dollars) and number of reviews (count). We would like to study the relationship between number of reviews
(counts) and price (in dollars) for all Airbnb listing in NYC. Using regression, we would like to explore if the
number of reviews (explanatory variable) has an effect on the listed price per night (response).
Question 9 Subquestions
.a
• Include a complete description for the relationship between the number of reviews (count) and
price ($) using appropriate context.
![Scatterplot of Number of Reviews vs the Price
for a Sample of 343 Airbnb Reviews
100
200
300
400
The Number of Reviews (a count)
009
009
00€
007
Price (in $)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F78a71dd1-3ded-4da8-b401-67c1521bc5fc%2F4008a86c-3c47-4c72-8939-62289f4604c2%2Fwgq9ir_processed.png&w=3840&q=75)
Transcribed Image Text:Scatterplot of Number of Reviews vs the Price
for a Sample of 343 Airbnb Reviews
100
200
300
400
The Number of Reviews (a count)
009
009
00€
007
Price (in $)
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman