Mathematics, 28.07.2020 22:01 nhdhdj
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 130 and a y-intercept of 350. Complete parts (a) and (b) below.
a. What is the equation of the regression line?
b. What does the symbol y represent?
A. The symbol y represents the average price of hotels in the area.
B. The symbol ý represents the amount that price increases with a 1-point increase in rating.
C. The symbol y represents the predicted value of price
D. The symbol y represents the expected price when the hotel's rating is 0
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Different hotels in a certain area are randomly selected, and their ratings and prices were obtained...
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