20. Diamond Prices The table below lists weights (carats) and prices (dollars) of randomly selected diamonds. All of the diamonds are round with ratings of "very good" cut, they all have a color rating of F ("slight color"), and a clarity rating of VSI ("very slightly included"). The values are based on data from the retailer Blue Nile. For diamonds of the type described, is there sufficient evidence to conclude that there is a linear correlation between weights and prices? Do the results also apply to other types of diamonds, such as those with different color and clarity ratings? суре Weight 0.3 0.4 0.5 0.5 1.0 0.7 Price 510 1151 1343 1410 5669 2277

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Number 20
Testing fora Linear Correlation.
find the value of the linear correlation coefficient r. Also find the P-value or the critical
values of r from Table A-6 using a = 0.05. Determine whether there is sufficient evidence
to support a claim of a linear correlation between the two variables. (Save your work
because the same data sets will be used in Section 10-3 exercises.)
In Exercises 13-28, construct a scatterplot, and
Transcribed Image Text:Testing fora Linear Correlation. find the value of the linear correlation coefficient r. Also find the P-value or the critical values of r from Table A-6 using a = 0.05. Determine whether there is sufficient evidence to support a claim of a linear correlation between the two variables. (Save your work because the same data sets will be used in Section 10-3 exercises.) In Exercises 13-28, construct a scatterplot, and
20. Diamond Prices The table below lists weights (carats) and prices (dollars) of randomly
selected diamonds. All of the diamonds are round with ratings of "very good" cut, they all
have a color rating of F ("slight color"), and a clarity rating of VSI ("very slightly included").
The values are based on data from the retailer Blue Nile. For diamonds of the type described,
is there sufficient evidence to conclude that there is a linear correlation between weights and
prices? Do the results also apply to other types of diamonds, such as those with different color
and clarity ratings?
Weight
0.3
0.4
0.5
0.5
1.0
0.7
Price
510
1151
1343
1410
5669
2277
Transcribed Image Text:20. Diamond Prices The table below lists weights (carats) and prices (dollars) of randomly selected diamonds. All of the diamonds are round with ratings of "very good" cut, they all have a color rating of F ("slight color"), and a clarity rating of VSI ("very slightly included"). The values are based on data from the retailer Blue Nile. For diamonds of the type described, is there sufficient evidence to conclude that there is a linear correlation between weights and prices? Do the results also apply to other types of diamonds, such as those with different color and clarity ratings? Weight 0.3 0.4 0.5 0.5 1.0 0.7 Price 510 1151 1343 1410 5669 2277
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