The linear regression of hotel prices (in dollars) on their distance to the city center (in miles) produces an intercept
Posted: Wed May 11, 2022 10:33 am
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.
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.