Case Name :      Professor Proposes

Authors :           Gregory S. Zaric, Michael Leff

Source :             Ivey Publishing

Case ID :            906E17

Discipline :        Finance

Case Length :    13 pages

Solution Sample availability : YES

Plagiarism : NO (100% Original work)

A professor is shopping for a diamond engagement ring. He finds one with certain specifications for a certain price, and wishes to determine if the price of the diamond is fair. He collects data on the prices and characteristics (cut, color, clarity, and carats) of several hundred diamonds from three Internet wholesalers. Can be used for linear regression analysis with categorical variables as well as other statistical techniques.