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.
x^2 -12x +11
We have the x intercepts so we can create the equation (x-1)(x-11). Multiply it and you get your answer
Answer:
y = -5x/4 - 8
Step-by-step explanation:
Two lines that are perpendicular have slopes that are opposite reciprocals.
Since the slope of the given line is 4/5, the opposite reciprocal of that is -5/4. So the equation has a slope of -5/4.
Since we know the coordinate of a point of the other equation, we can plug that into the point-slope form equation y - y1 = m(x - x1):
y - 2 = -5/4(x-(-8))
Simplify:
y - 2 = -5/4(x+8)
y - 2 = -5x/4 - 10
So the equation in slope-intercept form is:
y = -5x/4 - 8
