The Table Below Lists Weights (Carats) and Prices (Dollars) for Randomly

question 15

Essay

The table below lists weights (carats) and prices (dollars) for randomly selected diamonds. Find the regression equation, letting the weight be the predictor variable. Find the best predicted price for a diamond with a weight of 1.50 carats. What is wrong with predicting the price of a 1.50 -carat diamond?
$\begin{array} { | l | l | l | l | l | l | l | } \hline \text { Weight } & 0.3 & 0.4 & 0.5 & 0.5 & 1.0 & 0.7 \\\hline \text { Price } & 510 & 1151 & 1343 & 1410 & 5669 & 2277 \\\hline\end{array}$

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Definitions:

Visual Symbolism

The connotative (as opposed to the denotative, or literal) meaning of visuals.

Shapes

The external form or appearance characteristic of someone or something; the outline or contour of an object.

Colors

Visual properties perceived by people, typically resulting from the light they emit or reflect, and are used in design to convey emotions or messages.

Visual Parallelism

The practice of using visually similar elements within a single piece of work to create a sense of unity and balance.