Question: 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,

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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