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The manager of Macys is interested in developing a regression model for the selling price of diamonds based on carat weight. Regression analysis results for

The manager of Macys is interested in developing a regression model for the selling price of diamonds based on carat weight. Regression analysis results for a model predicting the logarithm of selling price are shown below: Find the predicted price for a 0.5 carat diamond.

Variable Coefficient SE(Coeff)

Intercept 2.2 0.04

Carat Weight 1.3 0.20

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