The following data show the curb weight, horsepower, and ¹/4-mile speed for 16 popularsports and GT cars. Suppose that the price of each sports and GT car is also available. Thecomplete data set is as...

The following data show the curb weight, horsepower, and ¹/4-mile speed for 16 popularsports and GT cars. Suppose that the price of each sports and GT car is also available. Thecomplete data set is as follows:Curb Speed atPrice Weight ¹/4 MileSports & GT Car ($1000s) (lb.) Horsepower (mph)Acura Integra Type R 25.035 2577 195 90.7Acura NSX-T 93.758 3066 290 108.0BMW Z3 2.8 40.900 2844 189 93.2Chevrolet Camaro Z28 24.865 3439 305 103.2Chevrolet Corvette Convertible 50.144 3246 345 102.1Dodge Viper RT/10 69.742 3319 450 116.2Ford Mustang GT 23.200 3227 225 91.7Honda Prelude Type SH 26.382 3042 195 89.7Mercedes-Benz CLK320 44.988 3240 215 93.0Mercedes-Benz SLK230 42.762 3025 185 92.3Mitsubishi 3000GT VR-4 47.518 3737 320 99.0Curb Speed atPrice Weight ¹/4 MileSports & GT Car ($1000s) (lb.) Horsepower (mph)Nissan 240SX SE 25.066 2862 155 84.6Pontiac Firebird Trans Am 27.770 3455 305 103.2Porsche Boxster 45.560 2822 201 93.2Toyota Supra Turbo 40.989 3505 320 105.0Volvo C70 41.120 3285 236 97.0a. Find the estimated regression equation, which uses price and horsepower to predict¹/4-mile speed.b. Plot the standardized residuals against . Does the residual plot support the assumptionabout ? Explain.c. Check for any outliers. What are your conclusions?d. Are there any influential observations? Explain.