Bicycling, the world's leading cycling magazine, reviews hundreds of bicycles throughout the years. Their Road race category contains reviews of bikes used by riders primarily interested in racing. The following data show the weight and price for 10 racing bikes reviewed by the magazine. Brand WeightPrice ($)Felt F517.82100Pinarello Paris16.16250Orbea Orca14.98370Eddy EMX-715.96200BH Ultegra17.24000Bh 38613.18600Cervelo S516.26000Giant TCR 17.12580Wilier Gran17.63400Specialized S-work14.18000a) Use the data to develop an estimated regression equation that could be used to estiamte the price for a bike given the weight. b) Compare r^2. Did the estimate regression equation provide a good fit? c) Predict the price for a bike that weighs 15 pounds? d) Use the F test to determin whether the weight for a bike and the price are related at the 0.05 level of signifcance. Please hurry

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Answered: Bicycling, the world's leading cycling…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Bicycling, the world's leading cycling magazine, reviews hundreds of bicycles throughout the years. Their Road race category contains reviews of bikes used by riders primarily interested in racing.

The following data show the weight and price for 10 racing bikes reviewed by the magazine.

Brand	Weight	Price ($)
Felt F5	17.8	2100
Pinarello Paris	16.1	6250
Orbea Orca	14.9	8370
Eddy EMX-7	15.9	6200
BH Ultegra	17.2	4000
Bh 386	13.1	8600
Cervelo S5	16.2	6000
Giant TCR	17.1	2580
Wilier Gran	17.6	3400
Specialized S-work	14.1	8000