Question: Refer to Data Set 21 in Appendix B. A set of high-price diamonds is sold at auction. Construct a frequency table for the variable color

Refer to Data Set 21 in Appendix B. A set of high-price diamonds is sold at auction. Construct a frequency table for the variable color of the diamonds. If the color of diamonds that fetch over $50,000 is never greater than 3, are these diamonds likely to be bought at prices over $50,000?

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