Question The least squares regression line for the cost of a diamond necklace from a department store (y, in dollars) in the year x years since 2000 is given by y = 1823 + 314x. Interpret the y-intercept of the least squares regression line. Select the correct answer below: O The predicted cost of a diamond necklace from the department store is expected to increase $314 per year after the year 2000. The predicted cost of a diamond necklace from the department store in the year 2000 is $1823. The predicted cost of a diamond necklace from the department store in the year 2000 is $314. O The y-intercept should not be interpreted. FEEDBACK MORE INSTRUCTION SUBMIT Content attribution