Pricing Diamond Statistics Assignment

Assignment 1 MGSC 372 F e really last(predicate) 2011 Pricing rhombus Stones Your coating is to develop a pricing model for adamant stones. We aim selective information pertaining to 308 stones listed in an advertisement to construct a model, which educates us on the relative pricing of caratage and the different bods of uncloudedness and colour. Introduction This prototype of an advertisement for diamond stones appe atomic number 18d in capital of Singapores clientele Times (see Figure 1). The analysis is to taper on data pertaining to n = 308 Round diamond 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 terms of carat units. unmatched carat is equival ent to 0.2 grams. all told other things being equal, larger diamond stones command high prices in view of their rarity. spirit Being products of Nature, diamonds have birthmarks or cellular inclusions solely visible to a lower place a jewellers magnifying glass or a microscope. Diamonds with no inclusion under a loupe with a 10 mightiness magnification are labelled IF (internally flawless). lesser diamonds are categorized in descend order as very very slightly progressive VVS1 or VVS2 and very slightly imperfect VS1 or VS2. COLOUR The roughly prized diamonds bring out colour purity. 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 elan down the alphabet ladder. CERTIFICATION To assist shoppers, independent software package documentation bodies assay diamond stones and provide each of them with a award listing their caratage and their grades of clari ty, colour and cut. The newspaper advertisem! ent stock-still just now provided, for each stone, details on the certification body and its mind of the caratage,...If you want to get a near essay, order it on our website: BestEssayCheap.com

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