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1. Pete, owner of Pistol Pete's Diamond Emporium, is investing in a diamond classification system due to his deteriorating eyesight. Pete buys and sells diamonds
1. Pete, owner of Pistol Pete's Diamond Emporium, is investing in a diamond classification system due to his deteriorating eyesight. Pete buys and sells diamonds of varying quality: Low ($1,000-$3,000), Medium ($4,000-$7,000), and High (58,000-$10,000). It is very important to Pete that his classifier properly classifies his diamonds so that he can not only have a profitable business, but also, so that his customers will continue to trust him as a business owner. Using the possible cost matrix values given below, fill out the cost matrix that most accurately reflects Pete's needs for his diamond classifier model. After completing the cost matrix, justify your proposed cost matrix
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