The linear regression of hotel prices (in dollars) on their
distance to the city center (in miles) produces
an intercept of 133 and a slope of -14 as follows:
Which of the following statements is true?
a) The average price of hotels right in the city center is 105 US
dollars.
b) Hotels that are 1 mile further away from the city center are 14
US dollars cheaper.
c) The average price and the distance are positively
correlated.
d) Hotels that are 1 mile further away from the city center are 133
US dollars cheaper.
The linear regression of hotel prices (in dollars) on their distance to the city center (in miles) produces an intercept
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answerhappygod
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The linear regression of hotel prices (in dollars) on their distance to the city center (in miles) produces an intercept
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