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The accompanying data table contains the prices and weights of the diamonds in 10 rings offered for sale. The prices are in dollars and the weights in carats. A simple regression model (SRM) of the data is also found below. Add an imaginary diamond that weighs 45.54 carats and costs $38 million to the data and construct a new SRM. Use price as the response and weight as the explanatory variable. Complete parts a through d below. Click the icon to view the data. Click the icon to view the SRM. COD A. Due to the scaling, only two points are visible, one for the imaginary diamond and one for the other 10 rings. OB. Only the nearly horizontal least squares line passing through the point for the imaginary diamond is visible. C. All the points are visible, but due to the scaling, the 10 smaller rings are tightly clustered D. Only the nearly vertical least squares line passing through the point for the imaginary diamond is visible. (b) How does the fitted equation of the SRM to this data change with the addition of this one case? The slope from-211 to dollars. from 3,606 to dollars/carat and the intercept (Round to the nearest whole number as needed.)

The accompanying data table contains the prices and weights of the diamonds in 10 rings offered for sale. The prices are in dollars and the weights in carats. A simple regression model (SRM) of the data is also found below. Add an imaginary diamond that weighs 45.54 carats and costs $38 million to the data and construct a new SRM. Use price as the response and weight as the explanatory variable. Complete parts a through d below. Click the icon to view the data. Click the icon to view the SRM. COD A. Due to the scaling, only two points are visible, one for the imaginary diamond and one for the other 10 rings. OB. Only the nearly horizontal least squares line passing through the point for the imaginary diamond is visible. C. All the points are visible, but due to the scaling, the 10 smaller rings are tightly clustered D. Only the nearly vertical least squares line passing through the point for the imaginary diamond is visible. (b) How does the fitted equation of the SRM to this data change with the addition of this one case? The slope from-211 to dollars. from 3,606 to dollars/carat and the intercept (Round to the nearest whole number as needed.)

Mathematics For Machine Technology
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter36: Digital Micrometers
Section: Chapter Questions
Problem 12A
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The accompanying data table contains the prices and weights of the diamonds in 10 rings offered for sale. The prices are in dollars and the weights in carats. A simple regression model (SRM) of the data is also found below. Add an imaginary diamond that weighs 45.54 carats and costs $38 million to the data and construct a new SRM. Use price as the response and weight as the explanatory variable. Complete parts a through d below. Click the icon to view the data. Click the icon to view the SRM. A. Due to the scaling, only two points are visible, one for the imaginary diamond and one for the other 10 rings. OB. Only the nearly horizontal least squares line passing through the point for the imaginary diamond is visible. C. All the points are visible, but due to the scaling, the 10 smaller rings are tightly clustered OD. Only the nearly vertical least squares line passing through the point for the imaginary diamond is visible. (b) How does the fitted equation of the SRM to this data change with the addition of this one case? from -211 to dollars. The slope from 3,606 to dollars/carat and the intercept (Round to the nearest whole number as needed.)
Transcribed Image Text:The accompanying data table contains the prices and weights of the diamonds in 10 rings offered for sale. The prices are in dollars and the weights in carats. A simple regression model (SRM) of the data is also found below. Add an imaginary diamond that weighs 45.54 carats and costs $38 million to the data and construct a new SRM. Use price as the response and weight as the explanatory variable. Complete parts a through d below. Click the icon to view the data. Click the icon to view the SRM. A. Due to the scaling, only two points are visible, one for the imaginary diamond and one for the other 10 rings. OB. Only the nearly horizontal least squares line passing through the point for the imaginary diamond is visible. C. All the points are visible, but due to the scaling, the 10 smaller rings are tightly clustered OD. Only the nearly vertical least squares line passing through the point for the imaginary diamond is visible. (b) How does the fitted equation of the SRM to this data change with the addition of this one case? from -211 to dollars. The slope from 3,606 to dollars/carat and the intercept (Round to the nearest whole number as needed.)
The accompanying data table contains the prices and weights of the diamonds in 10 rings offered for sale. The prices are 4 carats an Xough d belo Data (Daund both The weight in carats and price in dollars for 10 diamond rings Weight 0.29 0.32 0.34 0.17 0.36 0.36 0.12 0.14 0.23 0.26 Price 924 881 1,039 445 1,073 1,034 120 320 665 733 Print Done - rings. ble.
Transcribed Image Text:The accompanying data table contains the prices and weights of the diamonds in 10 rings offered for sale. The prices are 4 carats an Xough d belo Data (Daund both The weight in carats and price in dollars for 10 diamond rings Weight 0.29 0.32 0.34 0.17 0.36 0.36 0.12 0.14 0.23 0.26 Price 924 881 1,039 445 1,073 1,034 120 320 665 733 Print Done - rings. ble.
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