cocaine.def PRICE QUANT QUAL TREND Obs: 56 sales of cocaine PRICE = price per gram in dollars for a cocaine sale, QUANT = number of grams of cocaine in a given sale, QUAL = quality of the cocaine expressed as percentage purity, TREND = a time variable with 1984 = 1 up to 1991 = 8. These data are a subset of those used in the study Caulkins, J.P. and R. Padman (1993), “Quantity Discounts and Quality Premia for Illicit Drugs”, Journal of the American Statistical Association, 88, 748-757. Variable | Obs Mean Std. Dev. Min Max -------------+-------------------------------------------------------- PRICE | 56 75.4073 27.85159 15 130 QUANT | 56 204.6866 338.2472 .25 1000 QUAL | 56 52.00893 18.89312 19 95 TREND | 56 3.910714 2.26657 1 8