Not included in the table below is a diamond with a weight of 1.50 carats. Find the best predicted price for this diamond. Is the result close to the actual price of $16,097? What is wrong with predicting the price of a 1.50-carat diamond?

Find the regression equation using α = 0.05, letting the first variable be the predictor (x) variable. Find the indicated predicted value by following the prediction procedure summarized in Figure.

Weight 0.3 0.4 Price 0.5 0.5 1.0 0.7 510 15 1343 41056692277 Strategy for Predicting Values of y Is the regression equation a good model? The regression line graphed in the scatterplot shows that the line fits the points well . rindicates that there is a linear correlation. . The prediction is not much beyond the scope of the available sample data Yes. The regression equation is a good model No. The regression equation is not a good model. Substitute the given value of xinto the regression Regardless of the value of the best predicted value of y is the value of y (the mean of the yvalues) equation bothix