2. The intercept b0 is __________. (Round your result to 3 decimal places.)

4. Develop a point estimate for the market price of a diamond with the following characteristics: Enter your result in dollars (omit the $ symbol) rounded to the nearest dollar.

Weight = 1.5 Carats Color Grade: E Clarity Grade: VS1 Cut Category: Good

5. Which of the regression variables are statistically significant, based on an alpha of 0.05, or 5%. (Select all that apply.)

a) color

b) clarity

c) cut

d) carat

e) cannot be determined OR none of the above

6. Regarding significance, if you rejected the null hypothesis for CUT, what is the probability of being wrong with regards to the population? (Seeing something more extreme.) Enter your result as a decimal number rounded to 4 decimal places, if applicable. (Not as a percentage!)

Data from Diamond Buyer's Guide Color Clarity I Carat 0.3 0.3 0.3 0.3 ws1 VS2 E Cut Very Good Ideal Ideal Ideal Ideal D VS2 F 0.3 E 0.5 0.5 0.5 E D 0.5 E G E Ideal Ideal Ideal Ideal Ideal Ideal Ideal 0.5 1 H 1 H I U Price $511.00 $781.00 $839.00 $971.00 $1,130.00 $1,263.00 $1,604.00 $1,844.00 $2,026.00 $2,714.00 $5,899.00 $6,445.00 $6,892.00 $7,308.00 $17,716.00 $8,620.00 $10,264.00 $11,751.00 $16,092.00 $27,080.00 $14,305.00 $17,905.00 $29,396.00 $42,881.00 $112,079.00 1.01 VVS1 VVS1 SIZ SI1 VS2 VVS2 VVS2 VS1 VVS2 VS2 VS1 IF SIZ VS2 SI1 SI2 VS1 SI2 SI1 SI1 G 1.01 G D 1.01 2 K K NNNN 2 2 I 2 E Ideal Ideal Ideal Very Good Very Good Premium Very Good Very Good Premium Very Good Very Good Very Good Good E 2 3 K 3 ] 3.01 G F VS2 3 3.01 D IF