Answer:
a. 
b. The symbol y-bar represents the average price of hotels in the area
Step-by-step explanation:
a. The regression line equation is given by:

Where Alpha represents the slope, Beta represents the intercept with the Y axis, and epsilon represents the random component of the model. Thus,
y
Obtaining:
.
b. In a simple linear regression model the value of y-bar represents the average of all values of y observed. Thus, since y represents the prices of the hotels, then y-bar is the average price of hotels in the area.
Answer:
0 and 1
Step-by-step explanation:
Answer:
Step-by-step explanation:
i ASSUME THE QUESTION IS TO DETERMINE Y?
Rearrange the equation to y = 2x - 1 and solve for each value of x
<u>X</u> <u>Y</u>
-4 -9
-3 -7
-2 -5
1 1
0 -1
Emma's estimate is not reasonable because a serving of soup is typically about 1-2 cups and 2 quarts = 8 cups.
would you eat 8 cups of soup? no.