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The management of an international hotel chain is in the process of evaluating the possible sites for a new unit on a beach resort. As

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The management of an international hotel chain is in the process of evaluating the possible sites for a new unit on a beach resort. As part of the analysis, the management is interested in evaluating the relationship between the distance of a hotel from the beach and the hotel's average occupancy rate for the season. A sample of 14 existing hotels in the area is chosen, and each hotel reports its average occupancy rate. The management records the hotel's distance (in miles) from the beach. The following set of data is obtained: A simple linear regression was ran with the occupancy rate as the dependent (explained) variable and distance from the beach as the independent (explaining) variable Occpnc = b_0 + b_1(Distncy) What is the estimated regression equation

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