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 ($) Felt F5 17.8 2100 Pinarello Paris 16.1 6250 Orbea Orca 14.9 8370 Eddy EMX-7 15.9 6200 BH Ultegra 17.2 4000 Bh 386 13.1 8600 Cervelo S5 16.2 6000 Giant TCR 17.1 2580 Wilier Gran 17.6 3400 Specialized S-work 14.1 8000 a) Use the data to develop an estimated regression equation that could be used to estiamte the price for a bike given the weight. b) Compare r^2. Did the estimate regression equation provide a good fit? c) Predict the price for a bike that weighs 15 pounds?
Bicycling, the world's leading cycling magazine, reviews hundreds of bicycles throughout the years. Their Road race category contains reviews of bikes used by riders primarily interested in racing. The following data show the weight and price for 10 racing bikes reviewed by the magazine. Brand Weight Price ($) 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 a) 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?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 26PFA
Related questions
Question
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 | |||||||
a) 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. |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt