The price (in $) and the carat weight of a diamond are its two most known characteristics. In order
Question: The price (in $) and the carat weight of a diamond are its two most known characteristics. In order to understand the role carat weight has in determining the price of a diamond, the carat weight and price of 20 loose round diamonds, all of color D and clarity VS1, were obtained recently as shown below.
On the average, by how much does the price increase for each extra 0.01 carat in weight? Within what interval of x-values would you expect this to be true?
Price: $2.99
Solution: The solution consists of 1 page
Deliverables: Word Document
Deliverables: Word Document
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