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The least squares regression line for the cost of a diamond necklace from a department store (y , in dollars) in the yearx years since2000

The least squares regression line for the cost of a diamond necklace from a department store (y

, in dollars) in the yearx

years since2000

is given byy

=1823+314x

.

Interpret they

-intercept of the least squares regression line.

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