weights of the diamonds in
20 rings offered for sale in a newspaper in a foreign city. The
prices are in local dollars with the weights in carats.
- The Data Table Found Below Contains The Listed Prices And Weights Of The Diamonds In 20 Rings Offered For Sale In A News 1 (14.36 KiB) Viewed 17 times
the fitted intercept and slope. Be sure to include their units.
Note if either estimate represents a large extrapolation and is
consequently not reliable.
Complete the equation for the fitted line below.
Estimated Price (local dollars)=enter your response
here+enter your response here Weight (carats)
(Round to two decimal places as needed.)
(c) Interpret the summary values r2 and se associated with the
fitted equation. Attach units to these summary statistics as
appropriate.
r2 = enter your response here (no units)
se = enter your response here (dollars)
1 Data Table Weight (carats) 0.27 0.26 0.24 0.12 0.20 0.34 0.19 0.28 0.26 0.22 0.25 0.11 0.24 0.39 0.20 0.23 0.39 0.11 0.22 0.11 Price (dollars) 742 683 653 141 523 1,015 400 742 710 527 662 201 596 1,241 510 575 1,158 117 551 119