VUMIIIIL ISL 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 - 373. 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. OB. =+Ox OC. - OD. y= 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 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 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 -373. 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. -+x
O D. y=+ ()×
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 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 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 -373. 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. -+x O D. y=+ ()× 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 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 amount that price increases with a 1-point increase in rating.
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