Bicycling, the world's leading cycling magazine, reviews hundreds of bicycles throughout the year. Their "Road-Race" category contains reviews of bikes used by riders primarily interested in racing. One of the most important factors in selecting a bike for racing is the weight of the bike. The following data show the weight (pounds) and price ($) for 10 racing bikes reviewed by the magazine (Bicycling website). DATA file Brand FELT FS PINARELLO Paris ORBEA Orca GDR EDDY MERCKX EMX-7 BH RC1 Ultegra BH Ultralight 386 CERVELO S5 Team (to 3 decimals) GIANT TCR Advanced 2 17.1 17.6 WILIER TRIESTINA Gran Turismo SPECIALIZED S-Works Amira SL4 14.1 8000 a. Use the data to develop an estimated regression equation that could be used to estimate the price for a bike given the weight. If required, enter negative values as negative numbers. Price = + Weight (to whole number) b. Compute 1². Weight Price ($) 17.8 2100 16.1 6250 14.9 8370 15.9 6200 17.2 4000 13.1 8600 16.2 6000 Did the estimated regression equation provide a good fit? The estimated regression equation provided a - Select your answer - fit. c. Predict the price for a bike that weighs 15 pounds. S (to whole number) 2580 3400

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