The table below lists weights (carats) and prices (dollars) of randomly selected diamonds. Find the (a) explained variation, (b) unexplained variation, and (c) indicated prediction interval. There is sufficient evidence to support a claim of a linear correlation, so it is reasonable to use the regression equation when making predictions. For the prediction interval, use a 95% confidence level with a diamond that weighs 0.8 carats. Weight Price a. Find the explained variation. 0.3 $500 (Round to the nearest whole number as needed.) 0.4 $1165 0.5 $1350 0.5 $1404 1.0 $5655 0.7 $2283 D

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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The table below lists weights (carats) and prices (dollars) of randomly selected diamonds. Find the (a) explained variation, (b) unexplained variation, and (c) indicated prediction interval. There is sufficient
evidence to support a claim of a linear correlation, so it is reasonable to use regression equation when making predictions. For the prediction interval, use a 95% confidence level with a diamond that
weighs 0.8 carats.
Weight
Price
a. Find the explained variation.
0.3
$500
(Round to the nearest whole number as needed.)
0.4
$1165
0.5
$1350
G
0.5
$1404
1.0
$5655
0.7
$2283
Q
Transcribed Image Text:The table below lists weights (carats) and prices (dollars) of randomly selected diamonds. Find the (a) explained variation, (b) unexplained variation, and (c) indicated prediction interval. There is sufficient evidence to support a claim of a linear correlation, so it is reasonable to use regression equation when making predictions. For the prediction interval, use a 95% confidence level with a diamond that weighs 0.8 carats. Weight Price a. Find the explained variation. 0.3 $500 (Round to the nearest whole number as needed.) 0.4 $1165 0.5 $1350 G 0.5 $1404 1.0 $5655 0.7 $2283 Q
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