Affordable” diamond pricing imagine you have set out to purchase a diamond, and you want all the information you can possibly get before the purchase. you run an internet search on diamonds to learn more about the different cuts, carat ranges, color values, and so on. after having researched a bit, you’ve decided on the basic cut, quality, color, and weight range that you can probably afford. this diamond pricing spreadsheet gives three snapshots of a large set of data on diamond pricing. the 0.30–0.40 carats tab gives the 2012 data on diamonds ranging from 0.30 to 0.40 carats. go to the subset tab, which gives a subset of randomly chosen data from the first tab. plot the data of weight versus price in this tab using the scatter plot tool. (if you need , follow these instructions for using the online probability tools.) export an image of the plot, and paste it in the space below. find the equation of the regression line and the value of the correlation coefficient (r). type your response here: