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 ay-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.A.уз|+ (_)&B. VхC.D.|хb. What does the symbol y represent?A. The symbol y represents the average price of hotels in the area.B. The symbol y represents the expected price when the hotel's rating is 0.C. The symbol y represents the amount that price increases with a 1-point increase in rating.D. The symbol y represents the predicted value of price.II

Answered: Image /qna-images/answer/0c9062fe-baf7-498e-92f3-3edb01ae74ee.jpg

Answered: Different hotels in a certain area are…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section: Chapter Questions

Problem 2SGR

See similar textbooks

Similar questions

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 -362. 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.
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 140140 and a y-intercept of negative 375−375. 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.
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 -367 Complete parts (a) and (b) below. What is the equation of the regression line? Select the correct choice below and fill in the answer boxes to complete your choice. What does the symbol ^y represent?
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 −384. 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. b. What does the symbol y represent?
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 120 and a y-intercept of −359. 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. A. y=(_____)+x B. y=(_____)+x C. y=(_____)+x D. y=(_____)+x
The equation of the regression line is Y^=50000+(−500)X. A financial education time of 31 hours is found to result in an amount of debt of 34500 dollars. What is the predicted amount of debt? dollars? Where is the observed value in relation to the regression line? A financial education time of 40 hours is found to result in a amount of debt of 32966 dollars. What is the predicted amount of debt? dollars? Where is the observed value in relation to the regression line? A financial education time of 15 hours is found to result in a amount of debt of 39955 dollars. What is the predicted amount of debt? dollars? Where is the observed value in relation to the regression line?
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 - 382. A) What is the equation of the regression line? B) What does the symbol y represent?
34. Ramon wants to better understand the relationship between income and hours of sleep, so he performs a regression analysis using sleep as the independent variable and income as the dependent variable. The result is a regression line with an equation of y = 4,500x+13,562 and r = .75. Interpret the slope of the equation. Group of answer choices For every additional hour of sleep, the expected income of a person will increase by $13,562 A person who got 0 hours of sleep would be expected to have an income of $4500 For every additional hour of sleep, the expected income of a person will increase by $4500 A person who got 0 hours of sleep would be expected to have an income of $13,562
A sales manager of a large insurance company collects the data on annual income sales ($1000s) and years of experience of salespersons. (A) define explanatory and response variables. (B) comment on the pattern of the scatter plot. (C) the equation of the regression line is y = 80 + 4x. Find the value of slope and interpret what the slop measures in this situation. (D) find the value of y-intercept and interpret what it measures in this situation. (E) use the regression line equation to predict annual sales for a salesperson with 9 years of experience. (F) circle your answer. The correlation between the years of experience and annual sales is most likely to be? (I) 0.92 (ii) -.97 (iii) -0.45 (iv) 0.35
An individual wants to determine how much money a boy scout earns from selling popcorn (Y-variable) based on the length of time (in days) that they went out selling (X-variable). Using the following linear regression equation Ŷ = 5 + 20X: a. State the value of the intercept AND the value of the slope (2 points) b. Based on the given regression equation, what can you determine about the direction of the relationship between X and Y (i.e. is it positive or negative)? (2 points) c. If a boy scout sells popcorn for 4 days, how much money is he predicted to earn? (2 points)
-What is the slope of the line -What is the intercept of the line -What is the regression equation
If the regression equation is equal to Y=23.6−54.2X, then 23.6 is the _____ while -54.2 is the ____ of the regression line. Select one: a. slope, regression coefficient b. radius, intercept c. intercept, slope d. slope, intercept

SEE MORE QUESTIONS

Recommended textbooks for you

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

Algebra & Trigonometry with Analytic Geometry

Algebra

ISBN:

9781133382119

Author:

Swokowski

Publisher:

Cengage

Algebra and Trigonometry (MindTap Course List)

Algebra

ISBN:

9781305071742

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

Algebra & Trigonometry with Analytic Geometry

Algebra

ISBN:

9781133382119

Author:

Swokowski

Publisher:

Cengage

Algebra and Trigonometry (MindTap Course List)

Algebra

ISBN:

9781305071742

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS