The Professor Proposes

Executive Summary The prof decided to propose to his little girl and purchase a baseball rhombus amour ring at the m all in all thats personify was inwardly his bud stir of Cdn$2,000 - Cdn$4,000. At the mall he have intercourse that there were several characteristics that adoptd a diamonds value. The most tell diamond characteristics are color, cut, karat and clarity (the four Cs). other characteristics include polish, symmetry and certification. He liked a busy diamond quoted at $3,100 that had a carat weight of 0.9, a very considerably cut, J color, S12 clarity, well behaved polish, very good symmetry and a GIA certification. The prof did some research to break down his quote with pricing from three online diamond wholesalers he found. To determine whether or not the professor received a light price, our team compiled all of the three wholesalers prices to create a commercialise price and eliminated what we considered were outliers (diamonds priced at $665.00 or less). We ran a multiple reversion model with confused scatter plots and concluded that the price the professor was quoted was fair and was truly $98 or 3.1% less than the quoted price of $3,100.

Background The professor, with intentions to propose to his girlfriend, went to the mall searching for a diamond interlock ring that suited his wife-to-bes taste and was within his cipher enjoin of Cdn$2,000 - Cdn$4,000. He found there was much more(prenominal) to get a diamond engagement ring than meet the eye. The professor quickly realized that buying a diamond engagement ring required a de eper understanding of what he was feel for ! and what was available within his price range. He conditioned color, clarity, cut, certification, polish, symmetry, and carat were important characteristics to look for when making a diamond purchase. In the mall the professor was quoted $3,100 for a diamond that caught... If you indigence to get a full essay, order it on our website: OrderCustomPaper.com

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