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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
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 - 353. 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. O A. y= + ( ) x O B. y= + ( )x O c. y= + ( )x OD. y= +( x b. What does the symbol y represent? O A. The symbol y represents the predicted value of price. O B. The symbol y represents the average price of hotels in the area. O C. The symbol y represents the amount that price increases with a 1-point increase in rating. O D. The symbol y represents the expected price when the hotel's rating is 0
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