Given: 4d=1/3(c-d) Proof= c=13d

Response:

I hope the image provided solves your query

Answer:

Let's explore this step-by-step:

Greetings!

Here are the variables

X: daily cost of hotel rooms

Y: expenses for entertainment

Refer to the second attachment for the scatter plot.

The population regression equation can be expressed as E(Yi)= α + βXi

To find the y-intercept and the slope of the regression line, apply the following formulas:

a= Y[bar]-bX[bar]

In this scenario, n= 9; ∑X= 945; ∑X²= 103325; ∑Y= 1134; ∑Y²= 148804; ∑XY= 123307

Calculating X[bar]= ∑X/n= 945/9= 105

Calculating Y[bar]= ∑Y/n= 1134/9= 126

Thus, it follows that a= 126 - 1.03*105= 17.49

The regression equation is then given by ^Y= 17.49 + 1.03Xi

Slope interpretation: For each unit increase in the daily hotel rate, the expected average spending on entertainment rises by $1.03.

Given that the room rate in Chicago is $128 (X), we can predict the entertainment expenditure (Y) using the estimated regression line:

^Y= 17.49 + 1.03Xi= 17.49 + 1.03*128= 149.33

The anticipated spending on entertainment for Chicago is $149.33

I trust this will assist you!