Not included in the table below is a diamond with a weight of 1.50 carats. Find the
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Not included in the table below is a diamond with a weight of 1.50 carats. Find the best predicted price for this diamond. Is the result close to the actual price of $16,097? What is wrong with predicting the price of a 1.50-carat diamond?
Find the regression equation using α = 0.05, letting the first variable be the predictor (x) variable. Find the indicated predicted value by following the prediction procedure summarized in Figure.
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Weight 0.3 0.4 Price 0.5 0.5 1.0 0.7 510 15 1343 41056692277 Strategy for Predicting Values of y Is the regression equation a good model? The regression line graphed in the scatterplot shows that the line fits the points well . rindicates that there is a linear correlation. . The prediction is not much beyond the scope of the available sample data Yes. The regression equation is a good model No. The regression equation is not a good model. Substitute the given value of xinto the regression Regardless of the value of the best predicted value of y is the value of y (the mean of the yvalues) equation bothix
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y 2010 7180 x best predicted value is y 2010 7180 15 8760 Tech 8759 The predicted value is far f...View the full answer
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