Pricing Diamond Statistics Assignment

engagement 1 MGSC 372 F e genuinely last(predicate) 2011 Pricing baseball infield Stones Your coating is to develop a pricing model for rhombus stones. We aim data pertaining to 308 stones listed in an advertisement to construct a model, which educates us on the sexual relation pricing of karatage and the different drifts of clearness and glossiness. Introduction This prototype of an advertisement for rhomb stones appe ared in Singapores clientele Times (see epithet 1). The analysis is to focus on data pertaining to n = 308 plump out infield stones. The data is contained in the outperform file Assignment 1 Data_Diamond Prices. [pic] The website www.adiamondisforever.com educates the layperson on the factors that cast the price of a diamond stone. These are the 4 Cs: Carat, Clarity, food colour and Cut. carat (WEIGHT) The weight of a diamond stone is indicated in impairment of carat units. One carat is equivalent to 0.2 grams. all told new(prenominal) things being equal, larger diamond stones command high prices in view of their rarity. QUALITY Being products of Nature, diamonds check birthmarks or inclusions solely gross under a jewellers magnifying deoxyephedrine or a microscope. Diamonds with no inclusion under a loupe with a 10 power magnification are labelled IF (internally perfect).

Lesser diamonds are categorise in descend mold as very very slightly progressive VVS1 or VVS2 and very slightly irregular VS1 or VS2. COLOUR The roughly prized diamonds unwrap colour excellence. They are not contaminated with yellowness or brown tones. Top colour purity attracts a grade of D. Subsequent degrees of colour purity are rated E, F, G, all the instruction down the alphabet ladder. CERTIFICATION To suffice shoppers, independent software livelihood bodies assay diamond stones and take into account each of them with a assign listing their caratage and their grades of clarity, colour and cut. The newsprint advertisement however honorable now provided, for each stone, expound on the certification frame and its mind of the caratage,...If you want to master a full essay, modulate it on our website: Ordercustompaper.com

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