Exercise 5.24 introduced data on the price of diamonds based on whether a diamond is 0.99 carats
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Exercise 5.24 introduced data on the price of diamonds based on whether a diamond is 0.99 carats or 1 carat. Based on the summary statistics, write an estimated model equation predicting price from a binary indicator of carat weight. Be sure to clearly define the variables used in the model.
Data From Exercise 5.24
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Related Book For 
Introductory Statistics For The Life And Biomedical Sciences
ISBN: 9781943450121
1st Edition
Authors: Julie Vu, David Harrington
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