Different hotels on Las Vegas Boulevard (the strip) in Las Vegas are randomly selected, and their ratings
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Different hotels on Las Vegas Boulevard (“the strip”) in Las Vegas are randomly selected, and their ratings and prices were obtained from Travelocity. 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 -368.
a. What is the equation of the regression line?
b. What does the symbol ŷ represent?
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