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An appraiser is studying the market price of a certain type of gem. He collects information on 8 gems, recording their carat weight as well

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An appraiser is studying the market price of a certain type of gem. He collects information on 8 gems, recording their carat weight as well as their prices. The results are summarized in the table below. x (Carats) y (Price) 0.6 $787 0.7 $1093 0.9 $956 1.1 $1512 1.2 $1349 1.3 $1949 1.5 $1406 16 $2299 4000 y 3000 2000 1000 02 04 06 08 1 12 14 16 18 2 22 24 i. Find the equation of the least-squares regression line, Round to 2 decimal places. ii. Use the regression line from part i to predict the market price of a gem of this type weighing 0.8 carats Round your answer to the nearest dollar

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