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). ŷ = (b) Computer². (Round your answer to three decimal places.) 2 = Did the estimated regression equation provide a good fit? The estimated regression equation did not provide a good fit, since,² <0.55. The estimated regression equation provided a good fit, since ² <0.55. The estimated regression equation provided a good fit, since ² ≥ 0.55. The estimated regression equation did not provide a good fit, since r² ≥ 0.55. (c) Predict the price (in dollars) for a bike that weighs 14 pounds. (Round your answer to the nearest dollar.) $
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). ŷ = (b) Computer². (Round your answer to three decimal places.) 2 = Did the estimated regression equation provide a good fit? The estimated regression equation did not provide a good fit, since,² <0.55. The estimated regression equation provided a good fit, since ² <0.55. The estimated regression equation provided a good fit, since ² ≥ 0.55. The estimated regression equation did not provide a good fit, since r² ≥ 0.55. (c) Predict the price (in dollars) for a bike that weighs 14 pounds. (Round your answer to the nearest dollar.) $
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
Related questions
Question
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 ($) for 10 racing bikes reviewed by the magazine.+
Brand
Weight Price ($)
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 =
(b) Computer². (Round your answer to three decimal places.)
2 =
Did the estimated regression equation provide a good fit?
The estimated regression equation did not provide a good fit, since,² <0.55.
The estimated regression equation provided a good fit, since ² <0.55.
The estimated regression equation provided a good fit, since ² ≥ 0.55.
The estimated regression equation did not provide a good fit, since r² ≥ 0.55.
(c) Predict the price (in dollars) for a bike that weighs 14 pounds. (Round your answer to the nearest dollar.)
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7a1c1730-4c92-4161-b3da-24feb6553e9f%2Ffd21ee1a-0f7f-463e-90fd-e7982322a98e%2F2wdro08_processed.png&w=3840&q=75)
Transcribed Image Text:Bicycling, the world's leading cycling magazine, reviews hundreds of bicycles throughout the year. Their "Road-Race" category contains reviews of bikes
used by riders primarily interested in racing. One of the most important factors in selecting a bike for racing is the weight of the bike. The following data
show the weight (pounds) and price ($) 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).
ŷ =
(b) Computer². (Round your answer to three decimal places.)
2 =
Did the estimated regression equation provide a good fit?
The estimated regression equation did not provide a good fit, since,² <0.55.
The estimated regression equation provided a good fit, since ² <0.55.
The estimated regression equation provided a good fit, since ² ≥ 0.55.
The estimated regression equation did not provide a good fit, since r² ≥ 0.55.
(c) Predict the price (in dollars) for a bike that weighs 14 pounds. (Round your answer to the nearest dollar.)
$
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Glencoe Algebra 1, Student Edition, 9780079039897…](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Elementary Geometry For College Students, 7e](https://www.bartleby.com/isbn_cover_images/9781337614085/9781337614085_smallCoverImage.jpg)
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
![Glencoe Algebra 1, Student Edition, 9780079039897…](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Elementary Geometry For College Students, 7e](https://www.bartleby.com/isbn_cover_images/9781337614085/9781337614085_smallCoverImage.jpg)
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
![Algebra: Structure And Method, Book 1](https://www.bartleby.com/isbn_cover_images/9780395977224/9780395977224_smallCoverImage.gif)
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell