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.
The equation in slope-intercept is y=0.625x+7.
y = mx + b
where:
m is the slope of the line
b is the y-intercept of the line
The slope m of the line through any two points (x1, y1) and (x2, y2) is given by:
The y-intercept b of the line is the value of y at the point where the line crosses the y axis. Since for point (x1, y1) we have y1 = mx1 + b, the y-intercept b can be calculated by:
b = y1 - mx<span>1. hope that helped</span>
1 dozen = 12
Divide 941 by 12:
941 / 12 = 78.42
So the greatest number of dozens he can make is 78.
Answer:
d. 5.25
Step-by-step explanation:
make it into two fractions: 6/8 = x/7
solve for x by cross multiplying.
