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. BrandWeightPrice ($)FELT F517.82100PINARELLO Paris16.16250ORBEA Orca GDR14.98370EDDY MERCKX EMX-715.96200BH RC1 Ultegra17.24000BH Ultralight 38613.18600CERVELO S5 Team16.26000GIANT TCR Advanced 217.12580WILIER TRIESTINA Gran Turismo17.63400SPECIALIZED S-Works Amira SL414.18000a. Use the data to develop an estimated regression equation that could be used to estimate the price for a bike given the weight. If required, enter negative values as negative numbers. price + weight (to whole number)b. Compute R^2 (to 3 decimals) c. Predict the price for a bike that weighs 15 pounds.$ (to whole number)

Step 1: List the given values.We are given the following data set: Weight (lbs), XPrice ($),…

Answered: Bicycling, the world’s leading cycling…

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

Chapter1: Line And Angle Relationships

Section1.CR: Review Exercises

Problem 3CR: Name the four characteristics of a good definition.

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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)

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