The Professor Proposes

Executive Summary The prof decided to propose to his girl and purchase a rhomb amour ring at the m all in all thats personify was inside his bud stir of Cdn$2,000 - Cdn$4,000. At the mall he cognise that there were several characteristics that feeld a rhombuss value. The most state rhombus characteristics are color, cut, karat and clarity (the four Cs). otherwise characteristics include polish, symmetry and certification. He liked a particular diamond quoted at $3,100 that had a carat weight of 0.9, a very considerably cut, J color, S12 clarity, nigh(a) polish, very good symmetry and a GIA certification. The professor did some research to plane his quote with pricing from three online diamond wholesalers he found. To determine whether or not the professor received a good value, our team compiled all of the three wholesalers prices to create a grocery price and eliminated what we considered were outliers (diamonds priced at $665.00 or less). We ran a mul tiple retroversion 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 calculate enjoin of Cdn$2,000 - Cdn$4,000. He found there was much to a greater extent to get a diamond engagement ring than pair the eye. The professor quickly realized that buying a diamond engagement ring required a deeper understanding of what he was feel for and what was available within his price range. He well-read 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 urgency to get a full essay, orde r it on our website: OrderCustomPaper.com

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