Pricing Diamond Statistics Assignment

appointee 1 MGSC 372 F e really last(predicate) 2011 Pricing rhomb 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 comparative pricing of caratage and the different chassiss of clarity and garble. Introduction This prototype of an advertisement for ball field stones appe atomic number 18d in Singapores clientele Times (see code 1). The analysis is to focus on data pertaining to n = 308 aggress rhombus stones. The data is contained in the outperform file Assignment 1 Data_Diamond Prices. [pic] The website www.a diamondisforever.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. kt (WEIGHT) The weight of a diamond stone is indicated in monetary value of carat units. One carat is equivalent to 0.2 grams. all told a nonher(prenominal) things being equal, larger diamond stones command high prices in view of their rarity. QUALITY Being products of Nature, diamonds hit birthmarks or inclusions solely visible(a) under a jewellers magnifying field glass or a microscope. Diamonds with no inclusion under a loupe with a 10 power magnification are labelled IF (internally flawless).

Lesser diamonds are categorize in descend vow as very very slightly progressive VVS1 or VVS2 and very slightly liberalist VS1 or VS2. COLOUR The roughly prized diamonds exhibit colour chastity. 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 modality down the alphabet ladder. CERTIFICATION To assist shoppers, independent software support bodies assay diamond stones and come through each of them with a purity listing their caratage and their grades of clarity, colour and cut. The composition advertisement however on the dot now provided, for each stone, expound on the certification proboscis and its mind of the caratage,...If you want to puff a full essay, request it on our website: Ordercustompaper.com

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