What Is the Relationship Between Diamond Price and Carat Size $\$ 2298.36$

Multiple Choice

What is the relationship between diamond price and carat size? 307 diamonds were sampled and a straight-line relationship was hypothesized between y = diamond price (in dollars) and x = size of
The diamond (in carats) . The simple linear regression for the analysis is shown below: Least Squares Linear Regression of PRICE
Predictor


Interpret the estimated slope of the regression line.

A) For every 1-carat increase in the size of a diamond, we estimate that the price of the diamond will decrease by $\$ 2298.36$ .
B) For every 1-carat increase in the size of a diamond, we estimate that the price of the diamond will increase by $\$ 11,598.90$ .
C) For every 2298.36-carat decrease in the size of a diamond, we estimate that the price of the diamond will increase by $\$ 11,598.90$ .
D) For every $\$ 1$ decrease in the price of the diamond, we estimate that the size of the diamond will increase by $11,598.9$ carats.