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 140 and a y-intercept of -353. Complete parts (a) and (b) below. OC. y=+x OD. ŷ=+Xx b. What does the symbol y represent? ... OA. The symbol y represents the expected price when the hotel's rating is 0. OB. The symbol y represents the average price of hotels in the area. OC. The symbol y represents the predicted value of price. OD. The symbol y represents the amount that price increases with a 1-point increase in rating.
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 140 and a y-intercept of -353. Complete parts (a) and (b) below. OC. y=+x OD. ŷ=+Xx b. What does the symbol y represent? ... OA. The symbol y represents the expected price when the hotel's rating is 0. OB. The symbol y represents the average price of hotels in the area. OC. The symbol y represents the predicted value of price. OD. The symbol y represents the amount that price increases with a 1-point increase in rating.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
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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 140 and a y-intercept of -353. Complete parts (a) and (b) below.
(...)
OC. y=+
OD.y=+x
b. What does the symbol y represent?
OA. The symbol y represents the expected price when the hotel's rating is 0.
у
OB. The symbol y represents the average price of hotels in the area.
OC.
The symbol y represents the predicted value of price.
OD. The symbol y represents the amount that price increases with a 1-point increase in rating.
Transcribed Image Text:a. What is the equation of the regression line? Select the correct choice below and fill in the answer boxes to complete your choice.
OA+
OB.
O C. y= +
OD. =
y=
+
X
b. What does the symbol y represent?
OA. The symbol y represents the expected price when the hotel's rating is 0.
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