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 racing bikes reviewed by the magazine (Bicycling website). The datafile logo. Brand Weight Price ($) FELT F5 17.8 2100 PINARELLO Paris 16.1 6250 ORBEA Orca GDR 14.9 8370 EDDY MERCKX EMX-7 15.9 6200 BH RC1 Ultegra 17.2 4000 BH Ultralight 386 13.1 8600 CERVELO S5 Team 16.2 6000 GIANT TCR Advanced 2 17.1 2580 WILIER TRIESTINA Gran Turismo 17.6 3400 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 R^2 (to 3 decimals) c. Predict the price for a bike that weighs 15 pounds. $ (to whole number)

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 racing bikes reviewed by the magazine (Bicycling website). The datafile logo. Brand Weight Price ($) FELT F5 17.8 2100 PINARELLO Paris 16.1 6250 ORBEA Orca GDR 14.9 8370 EDDY MERCKX EMX-7 15.9 6200 BH RC1 Ultegra 17.2 4000 BH Ultralight 386 13.1 8600 CERVELO S5 Team 16.2 6000 GIANT TCR Advanced 2 17.1 2580 WILIER TRIESTINA Gran Turismo 17.6 3400 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 R^2 (to 3 decimals) c. Predict the price for a bike that weighs 15 pounds. $ (to whole number)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter1: Expressions And Functions

Section1.5: Descriptive Modeling And Accuracy

Problem 11PPS

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Bicycling World, a magazine devoted to cycling, reviews hundreds of bicycles throughout the year. Its "Road-Race" category contains reviews of bicycles used by riders primarily interested in racing. One of the most important factors in selecting a bicycle for racing is the weight of the bicycle. The following data show the weight (pounds) and price ($) for ten racing bicycles reviewed by the magazine. Click on the datafile logo to reference the data. Model Weight (lb) Price ($) Fierro 7B 17.9 2,200 HX 5000 16.2 6,350 Durbin Ultralight 15.0 8,470 Schmidt 16.0 6,300 WSilton Advanced 17.3 4,100 Bicyclette vélo 13.2 8,700 Supremo Team 16.3 6,100 XTC Racer 17.2 2,680 D'Onofrio Pro 17.7 3,500 Americana #6 14.2 8,100 How much of the variation in the prices of the bicycles in the sample does the regression model you estimated in part (b) explain? If required, round your answer to the nearest whole number. Do not round intermediate…
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 ($) for 10 racing bikes reviewed by the magazine (Bicycling website). DATA file Brand FELT F5 PINARELLO Paris ORBEA Orca GDR EDDY MERCKX EMX-7 BH RC1 Ultegra BH Ultralight 386 CERVELO S5 Team GIANT TCR Advanced 2 WILIER TRIESTINA Gran Turismo (to 3 decimals) Weight Price ($) 17.8 16.1 14.9 15.9 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. (to whole number) 2100 6250 8370 6200 17.2 13.1 16.2 17.1 17.6 SPECIALIZED S-Works Amira SL4 14.1 8000 a. Use the data to develop an estimated regression equation that could…
Bicycling, the world’s leading cycling magazine, reviews hundreds of bicycles throughout theyear. 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 weightof the bike. The following data show the weight (pounds) and price ($) for 10 racing bikesreviewed by the magazine (Bicycling website, March 8, 2012). Brand Weight Price ($)FELT F5 17.8 2100PINARELLO Paris 16.1 6250ORBEA Orca GDR 14.9 8370EDDY MERCKX EMX-7 15.9 6200BH RC1 Ultegra 17.2 4000BH Ultralight 386 13.1 8600CERVELO S5 Team 16.2…
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 ($) for 10 racing bikes reviewed by the magazine. Brand Weight Price ($) FELT F5 17.8 2,100 PINARELLO Paris 16.1 6,250 ORBEA Orca GDR 14.9 8,370 EDDY MERCKX EMX-7 15.9 6,200 BH RC1 Ultegra 17.2 4,000 BH Ultralight 386 13.1 8,600 CERVELO S5 Team 16.2 6,000 GIANT TCR Advanced 2 17.1 2,580 WILIER TRIESTINA Gran Turismo 17.6 3,400 SPECIALIZED S-works Amira SL4 14.1 8,000 a. Use the data to develop an estimated regression equation that could be used to estimate the price for a bike given the weight. (Round your numerical values to the nearest integer). b. Compute r2. (Round your answer to three decimal places.) Did the…
Can you guys help me on this? Thank you!
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 ($) for 10 racing bikes reviewed by the magazine.t Brand Weight Price ($) FELT F5 17.8 2,100 PINARELLO Paris 16.1 6,250 ORBEA Orca GDR 14.9 8,370 EDDY MERCKX EMX-7 15.9 6,200 BH RC1 Ultegra 17.2 4,000 BH Ultralight 386 13.1 8,600 CERVELO S5 Team 16.2 6,000 GIANT TCR Advanced 2 17.1 2,580 WILIER TRIESTINA Gran Turismo 17.6 3,400 SPECIALIZED S-works Amira SL4 14.1 8,000 (a) Use the data to develop an estimated regression equation that could be used to estimate the price for a bike given the weight. (Round your numerical values to the nearest integer). ŷ = -1,439x + 28,574 (b) Compute r. (Round your answer to three decimal places.) = 0.864
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 ($) for 10 racing bikes reviewed by the magazine.t Brand Weight Price ($) FELT F5 17.8 2,100 PINARELLO Paris 16.1 6,250 ORBEA Orca GDR 14.9 8,370 EDDY MERCKX EMX-7 15.9 6,200 BH RC1 Ultegra 17.2 4,000 BH Ultralight 386 13.1 8,600 CERVELO S5 Team 16.2 6,000 GIANT TCR Advanced 2 17.1 2,580 WILIER TRIESTINA Gran Turismo 17.6 3,400 SPECIALIZED S-works Amira SL4 14.1 8,000 (a) Use the data to develop an estimated regression equation that could be used to estimate the price for a bike given the weight. (Round your numerical values to the nearest integer). %3D (b) Compute r. (Round your answer to three decimal places.) ,2 = Did the estimated regression…
16 20 40 60 80 100 Miles (1000s) 120 Scatter diagram 1 b. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? Negative relationship c. Develop the estimated regression equation that could be used to predict the price ($1000s) (to 4 decimals). 16.469 .0588 I d. Test for a significant relationship at the 0.05 level of significance (to 3 decimals). p-value= less than α = 0.05. e. Did the estimated regression equation provide a good fit? Yes f. Provide terpretation for the slope of the estimated regression equation (to 4 decimals but dollar value to the nearest cent). Enter negative values as negative numbers. The slope of the estimated regression is -.0588. Therefore, every additional 1,000 miles on the car's odometr will result in a $ predicted price. decrease in the g. Suppose that you are considering purchasing a previously owned 2007 Camry that has been driven 60,000 miles. Using the estimated regression equation developed in…
Please correct my answers for b and c with explanation. Need to understand for exam, thanks!
The Toyota Camry is one of the best-selling cars in North America. The cost of a previously owned Camry depends on many factors, including the model year, mileage, and condition. To investigate the relationship between the car's mileage and the sales price for Camrys, the following data show the mileage and sale price for 19 sales (PriceHub web site, February 24, 2012). DATA file Miles (1,000s) Price ($1,000s) 22 16.2 29 16.0 36 13.8 47 11.5 63 12.5 77 12.9 73 11.2 87 13.0 92 11.8 101 10.8 110 8.3 28 12.5 59 11.1 68 15.0 68 12.2 91 13.0 42 15.6 65 12.7 110 8.3
Each year Money magazine publishes a list of "Best Places to Live in the United States." These listings are based on affordability, educational performance, convenience, safety, and livability. The below table shows the median household income of Money magazine’s top city in each U.S. state for (Money magazine website). Click on the datafile logo to reference the data. City Median Household Income ($) City Median Household Income ($) Pelham, AL 66,772 Bozeman, MT 49,303 Juneau, AK 84,101 Papillion, NE 79,131 Paradise Valley, AZ 138,192 Sparks, NV 54,230 Fayetteville, AR 40,835 Nashua, NH 66,872 Monterey Park, CA 57,419 North Arlington, NJ 73,885 Lone Tree, CO 116,761 Rio Rancho, NM 58,982 Manchester, CT 64,828 Valley Stream, NY 88,693 Hockessin, DE 115,124 Concord, NC 54,579 St. Augustine, FL 47,748 Dickinson, ND 71,866 Vinings, GA 73,103 Wooster, OH 43,054 Kapaa, HI 62,546 Mustang, OK 66,714…
The Toyota Camry is one of the best-selling cars in North America. The cost of a previously owned Camry depends upon many factors, including the model year, mileage, and condition. To investigate the relationship between the car's mileage and the sales price for a 2007 model year Camry, the following data show the mileage and sale price for 19 sales (PriceHub website). Click on the datafile logo to reference the data. DATA file Price ($1000s) Miles (1000s) 22 16.2 29 16.0 36 13.8 47 11.5 63 12.5 77 12.9 73 11.2 87 13.0 92 11.8 101 10.8 110 8.3 28 12.5 59 11.1 68 15.0 68 12.2 91 13.0 42 15.6 65 12.7 110 8.3 If your answer is zero, enter "0". a. Select a scatter diagram with the car mileage on the horizontal axis and the price on the vertical axis.

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Brand	Weight	Price ($)
FELT F5	17.8	2100
PINARELLO Paris	16.1	6250
ORBEA Orca GDR	14.9	8370
EDDY MERCKX EMX-7	15.9	6200
BH RC1 Ultegra	17.2	4000
BH Ultralight 386	13.1	8600
CERVELO S5 Team	16.2	6000
GIANT TCR Advanced 2	17.1	2580
WILIER TRIESTINA Gran Turismo	17.6	3400
SPECIALIZED S-Works Amira SL4	14.1	8000