Prices and carats of 78 Prinicess cut loose diamonds from Brilliance.com. Prices ranged from $1,000 to $2,000. Carats ranged from 0.50 to 0.75. While I did not share, the diamonds are Color grades D, E, or F, and Clarity grades VVS1 and VVS2. Please show all work. Can carats explain prices? Provide evidence to support your answer. If the carats are 0.64, what is the expected price for the diamond? PriceCarats10050.5310210.5210440.5010770.5110860.5011070.5011150.5111150.5012740.5013070.5015080.5216830.7017570.6019240.7019870.7219710.7019550.7519240.7018540.6618230.7018230.5417240.6017240.6017130.6116690.7116560.7016560.7016560.7016480.6016260.6015890.5015750.6015680.6415520.6115330.5315290.6115220.6115080.5214630.5614430.6310880.7518400.7119340.7019570.6215700.7410760.6419830.6610510.7013090.5710250.6014720.5711530.5214940.6010120.6317640.6216460.6319740.6316600.5711280.6718720.5815110.5319020.5513350.6016130.6511750.7510260.6116400.6819030.6613080.7018290.5915330.5613980.7515660.6710930.7012100.6118610.7219020.7113820.72

1. The table below shows the required calculation- Price (x) Carats (y) xy x2 y2 1005 0.53…

Answered: Prices and carats of 78 Prinicess cut…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

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Section: Chapter Questions

Problem 1P

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Prices and carats of 78 Prinicess cut loose diamonds from Brilliance.com. Prices ranged from $1,000 to $2,000. Carats ranged from 0.50 to 0.75. While I did not share, the diamonds are Color grades D, E, or F, and Clarity grades VVS1 and VVS2. Please show all work.

Can carats explain prices? Provide evidence to support your answer.
If the carats are 0.64, what is the expected price for the diamond?

Price	Carats
1005	0.53
1021	0.52
1044	0.50
1077	0.51
1086	0.50
1107	0.50
1115	0.51
1115	0.50
1274	0.50
1307	0.50
1508	0.52
1683	0.70
1757	0.60
1924	0.70
1987	0.72
1971	0.70
1955	0.75
1924	0.70
1854	0.66
1823	0.70
1823	0.54
1724	0.60
1724	0.60
1713	0.61
1669	0.71
1656	0.70
1656	0.70
1656	0.70
1648	0.60
1626	0.60
1589	0.50
1575	0.60
1568	0.64
1552	0.61
1533	0.53
1529	0.61
1522	0.61
1508	0.52
1463	0.56
1443	0.63
1088	0.75
1840	0.71
1934	0.70
1957	0.62
1570	0.74
1076	0.64
1983	0.66
1051	0.70
1309	0.57
1025	0.60
1472	0.57
1153	0.52
1494	0.60
1012	0.63
1764	0.62
1646	0.63
1974	0.63
1660	0.57
1128	0.67
1872	0.58
1511	0.53
1902	0.55
1335	0.60
1613	0.65
1175	0.75
1026	0.61
1640	0.68
1903	0.66
1308	0.70
1829	0.59
1533	0.56
1398	0.75
1566	0.67
1093	0.70
1210	0.61
1861	0.72
1902	0.71
1382	0.72

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