What is the relationship between diamond price and carat size? 307 diamonds were sampled and a straight-line relationship was hypothesized between y = diamond price (in dollars)and x = size of
The diamond (in carats). The simple linear regression for the analysis is shown below: Least Squares Linear Regression of PRICE
Predictor

Interpret the estimated slope of the regression line.
A) For every 1-carat increase in the size of a diamond, we estimate that the price of the diamond will decrease by $\$ 2298.36$.
B) For every 1-carat increase in the size of a diamond, we estimate that the price of the diamond will increase by $\$ 11,598.90$.
C) For every 2298.36-carat decrease in the size of a diamond, we estimate that the price of the diamond will increase by $\$ 11,598.90$.
D) For every $\$ 1$ decrease in the price of the diamond, we estimate that the size of the diamond will increase by $11,598.9$ carats.

Question

What is the relationship between diamond price and carat size? 307 diamonds were sampled and a straight-line relationship was hypothesized between y = diamond price (in dollars)and x = size of
The diamond (in carats). The simple linear regression for the analysis is shown below: Least Squares Linear Regression of PRICE
Predictor

Interpret the estimated slope of the regression line.
A) For every 1-carat increase in the size of a diamond, we estimate that the price of the diamond will decrease by $\$ 2298.36$. 
B) For every 1-carat increase in the size of a diamond, we estimate that the price of the diamond will increase by $\$ 11,598.90$. 
C) For every 2298.36-carat decrease in the size of a diamond, we estimate that the price of the diamond will increase by $\$ 11,598.90$. 
D) For every $\$ 1$ decrease in the price of the diamond, we estimate that the size of the diamond will increase by $11,598.9$ carats.

Quizplus · Accepted Answer

The Answer of What is the relationship between diamond price and carat size? 307 diamonds were sampled and a straight-line relationship was hypothesized between y = diamond price (in dollars)and x = size of
The diamond (in carats). The simple linear regression for the analysis is shown below: Least Squares Linear Regression of PRICE
Predictor

Interpret the estimated slope of the regression line.
A) For every 1-carat increase in the size of a diamond, we estimate that the price of the diamond will decrease by $\$ 2298.36$. 
B) For every 1-carat increase in the size of a diamond, we estimate that the price of the diamond will increase by $\$ 11,598.90$. 
C) For every 2298.36-carat decrease in the size of a diamond, we estimate that the price of the diamond will increase by $\$ 11,598.90$. 
D) For every $\$ 1$ decrease in the price of the diamond, we estimate that the size of the diamond will increase by $11,598.9$ carats.

What Is the Relationship Between Diamond Price and Carat Size $2298.36\$ 2298.36$2298.36

What Is the Relationship Between Diamond Price and Carat Size $\$ 2298.36$