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. Weight 0.3 0.4 0.5 0.5 1.0 0.7 Price 510 1151 1343 1410 5669 2277 Use a 95% confidence level to find the prediction interval for the price of a diamond that weights 0.8 carats $2551
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. Weight 0.3 0.4 0.5 0.5 1.0 0.7 Price 510 1151 1343 1410 5669 2277 Use a 95% confidence level to find the prediction interval for the price of a diamond that weights 0.8 carats $2551
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text: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.
Weight 0.3 0.4 0.5 0.5 1.0
0.7
Price
510 1151 1343 1410 5669 2277
Use a 95% confidence level to find the prediction interval for the price of a diamond that weights 0.8 carats.
$2551 <y< $4919
$2051 y < $5419
$2050.75 << $5418.53
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