The least squares regression line for the cost of a diamond

Last updated: 8/29/2023

The least squares regression line for the cost of a diamond necklace from a department store y in dollars in the year x years since 2000 is given by y 1823 314x Interpret the y intercept of the least squares regression line Select the correct answer below The predicted cost of a diamond necklace from the department store is expected to increase 314 per year after the year 2000 O The predicted cost of a diamond necklace from the department store in the year 2000 is 1823 O The predicted cost of a diamond necklace from the department store in the year 2000 is 314 The y intercept should not be interpreted