Answer
Plugging in the values, we have:
Price = 259.63 + 3721.02 (0) = 259.63
It implies that the ring with diamond of a 0 carat will have price of 259.63 Singaporean dollars. However, the ring with 0 Carat diamond does not exist (or it will be merely a metallic ring with no diamond).
Work Step by Step
It implies that the ring with diamond of a 0 carat will have price of 259.63 Singaporean dollars. However, the ring with 0 Carat diamond does not exist (or it will be merely a metallic ring with no diamond). Thus, a non-zero y intercept does not make sense in the context of the problem.
