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Model Weight Price Fierro 7B 17.9 2200 HX 5000 16.2 6350 Durbin Ultralight 15.0 8470 Schmidt 16.0 6300 WSilton Advanced 17.3 4100 bicyclette vlo 13.2

Model Weight Price
Fierro 7B 17.9 2200
HX 5000 16.2 6350
Durbin Ultralight 15.0 8470
Schmidt 16.0 6300
WSilton Advanced 17.3 4100
bicyclette vlo 13.2 8700
Supremo Team 16.3 6100
XTC Racer 17.2 2680
DOnofrio Pro 17.7 3500
Americana #6 14.2 8100

a.) Develop an estimated regression equation that could be used to estimate the price for a bicycle, given its weight. How much of the variation in the prices of the bicycles in the sample does the regression model you estimated NOT explain? Integer only with Excel, without % sign.

b.) Use the regression model you estimated to predict the price of an 18-pound bicycle. Integer only with Excel, without $ sign.

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