An article in the Journal of Statistics Education reported the price of diamonds of different sizes in Singapore dollars (SGD). The following table contains a data set that is consistent with this data, adjusted to US dollars in 2004:
-Make a scatterplot and describe the association between the size of the diamond (carat) and the cost (in US dollars).
Definitions:
Electronic Control
The use of electronic systems to regulate the operation of mechanical devices, commonly found in automotive, industrial, and consumer appliance contexts.
Sampling
The process of selecting a subset of individuals from a statistical population to estimate characteristics of the whole population.
Significance Level
The chance of incorrectly dismissing the null hypothesis in a statistical examination, usually symbolized by alpha, when it is in fact correct.
Actual Temperatures
Measurements of the current temperature of an environment, object, or substance.
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