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 $)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
Use the given info and prompt to answer subquestion 9.a
Transcribed Image Text:Airbnb is an online marketplace used by many travelers when booking lodging all over the world. The
company serves as a broker, receiving commissions from each booking. Guests have the opportunity to give
a review to their host once their lodging is complete. New York City (NYC) is known for high lodging prices.
We took a random sample of 343 Airbnb listings and recorded many variables including price per night (in
dollars) and number of reviews (count). We would like to study the relationship between number of reviews
(counts) and price (in dollars) for all Airbnb listing in NYC. Using regression, we would like to explore if the
number of reviews (explanatory variable) has an effect on the listed price per night (response).
Question 9 Subquestions
.a
• Include a complete description for the relationship between the number of reviews (count) and
price ($) using appropriate context.
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 $)
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