Options for first blank= "is less accurate" "is more accurate

Options for second blank= "all of the data points" "the middle three data points" "the first and the last data point"

Options for third blank= "best fits all of the data points" "results from the high and the low data points" "results from the first and the last data points"

Options for fourth blank= "only the highest and the lowest volume data points" "the middle three volume data points"

The local Hyatt Place hotel collected seven months of data on the number of room-nights rented per month and the monthly utilities cost. The data was graphed, resulting in the following scatterplot: (Click the icon to view the scatterplot.) Read the requirements 1. Would the high-low method or regression analysis result in a more accurate cost equation for the data pictured in the scatterplot? Explain. Generally speaking, regression analysis results to form the line and cost equation that V. The high-low method uses cost equations than does the high-low method. Regression analysis uses to form the line and cost equation. Requirements Graph/Chart - Number of room-nights rented and utilities cost $7.000 1. Would the high-low method or regression analysis result in a more accurate cost equation for the data pictured in the scatter plot? Explain. 2. A regression analysis of the data revealed an R-squared figure of 0.939. Interpret this figure in light of the lowest and highest possible R-squared values. 3. As a manager, would you be confident predicting utilities costs for other room-night volumes within the same relevant range? S6.000 S5.000 54.000 Print Done Utilities cos $3.000- $2.000 $1.000 SO 0 500 1.000 1,500 2,000 2,500 3.000 3.500 Number of room-nights rented Print Done