What is the value of quartile 2 (Q2)? 4.7
1 answer:
You might be interested in
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 zero product property tells us that if the product of two or more factors is zero, then each one of these factors CAN be zero.
For more context let's look at the first equation in the problem that we can apply this to:
Through zero property we know that the factor
can be equal to zero as well as 
. This is because, even if only one of them is zero, the product will immediately be zero.
The zero product property is best applied to factorable quadratic equations in this case.
Another factorable equation would be
since we can factor out 
and end up with 
. Now we'll end up with two factors, and 
, which we can apply the zero product property to.
The rest of the options are not factorable thus the zero product property won't apply to them.
For more context let's look at the first equation in the problem that we can apply this to:
Through zero property we know that the factor
The zero product property is best applied to factorable quadratic equations in this case.
Another factorable equation would be
The rest of the options are not factorable thus the zero product property won't apply to them.