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Is there a relationship between the weight and price of a mountain​ bike? The following data set gives the weights and prices for ten mountain bikes. Let the explanatory variable x be the weight in pounds and the response variable y be the​ bike's price. Weight​ (LB)3131363630303535292929292828303032323535 Price​ ($)98098015015011001100190190470470680680580580550550320320930930  a.  How you explain the slope? y = 1912.08 + -41.81x

Question
Is there a relationship between the weight and price of a mountain​ bike? The following data set gives the weights and prices for ten mountain bikes. Let the explanatory variable x be the weight in pounds and the response variable y be the​ bike's price.
 
Weight​ (LB)
3131
3636
3030
3535
2929
2929
2828
3030
3232
3535
 
Price​ ($)
980980
150150
11001100
190190
470470
680680
580580
550550
320320
930930
 
 
a.  How you explain the slope?
 y = 1912.08 + -41.81x
 
 
check_circleAnswer
Step 1

In a linear regression model y^=b0+b1x where y^ be the predicted values of response variable and x be the predictor variable, the b1 be the slope and b0 be the intercept of the line.

Slope gives the rapidly change of y with respect to x...

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