Answer:
see explanation
Step-by-step explanation:
Given the width is of the length, then
y - 4 = (2y + 6)
Multiply through by 3 to clear the fraction
3y - 12 = 2y + 6 ( subtract 2y from both sides )
y - 12 = 6 ( add 12 to both sides )
y = 18
Thus
length = 2y + 6 = 2(18) + 6 = 36 + 6 = 42 in
width = y - 4 = 18 - 4 = 14 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.