Question: Health experts recommend that runners drink 4 ounces of water every 15 minutes they run Runners who run three to eight hours need a large capacity hip mounted or over the shoulder hydration system. The following date show the liquid voluMeand the price for 26 ultimate direction hip mounted or over the shoulder hydration system.

a. develop the estimated regression equation that can be used to predict the price of a hydration system given its liquid volume.

b. use residual analysis to determine whether any outliers or influential observations are present. Briefly summarize your findings and conclusions.