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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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