Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 14 - Section 14.3 - Assess Your Understanding - Applying the Concepts - Page 727: 35k

Answer

$ŷ =6992.1~dollars$

Work Step by Step

$ŷ =−36+11382x_1−613.2x_2−473.4x_3$ For a particular diamond with 0.85 carat, color E, clarity VVS1 and cut Excellent, that is $x_1=0.85$, $x_2=2$ and $x_3=3$: $ŷ =−36+11382\times0.85−613.2\times2−473.4\times3=6992.1$
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