PPT-HW 19

Author : aaron | Published Date : 2017-03-27

Key 2237 Diamond Rings The data table contains the listed prices and weights of the diamonds in 48 rings offered for sale in The Singapore Times The prices are in

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HW 19: Transcript

Key 2237 Diamond Rings The data table contains the listed prices and weights of the diamonds in 48 rings offered for sale in The Singapore Times The prices are in Singapore dollars with the weights in carats Use price as the response and weight as the explanatory variable These rings hold relatively small diamonds weights less than ½ carat The Hope Diamond weights in at 4552 carats Its history and fame make it impossible to assign a price and smaller stones of its quality have gone for 600000 per carat Lets say 4552 carats 750000carat34140000 and call it 35 million For the exchange rate assume that 1 US dollar is worth about 16 Singapore dollars.

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