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The paired values represent the weights (carats) and prices (dollars) of randomly selected diamonds. Weight 0.2 0.4 0.5 0.6 0.9 0.7 0.8 Price 610 1354 1343 1752 5605 2277 2600 39. Compute the...

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Statistics

The paired values represent the weights (carats) and prices(dollars) of randomly selected diamonds.

Weight0.20.40.50.60.90.70.8
Price61013541343175256052277

2600

39. Compute the least squares regression line for the predictedprice for a given weight.

40. Calculate the correlation coefficient between the twovariables.

Please show work using excel functions!

Answer & Explanation Solved by verified expert
3.6 Ratings (468 Votes)
We can use here Excel for regression equationStep 1 Enter data in Excel Step 2 Data Data    See Answer
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