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Author Question: A study of the top MBA programs attempted to predict the average starting salary (in $1000's) of ... (Read 55 times)

bclement10

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on: Feb 14, 2020
A study of the top MBA programs attempted to predict the average starting salary (in $1000's) of graduates of the program based on the amount of tuition (in $1000's) charged by the program and the average GMAT score of the program's students. The results of a regression analysis based on a sample of 75 MBA programs is shown below:

Least Squares Linear Regression of Salary

Predictor
Variables Coefficient Std Error T P VIF
Constant -203.402 51.6573 -3.94 0.0002 0.0
Gmat 0.39412 0.09039 4.36 0.0000 2.0
Tuition 0.92012 0.17875 5.15 0.0000 2.0

R-Squared 0.6857 Resid. Mean Square (MSE) 427.511
Adjusted R-Squared 0.6769 Standard Deviation 20.6763

Identify the test statistic that should be used to test to determine if the amount of tuition charged by a program is a useful predictor of the average starting salary of the graduates of the program.
◦ t = 5.15
◦ t = 20.67
◦ t = 4.36
◦ t = -3.94
Statistics ¦ McClave, Sincich, Tamarack ¦ 12th Edition
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Marked as best answer by bclement10 on Feb 14, 2020

deja

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Reply #1 on: Feb 14, 2020
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bclement10

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Reply 2 on: Feb 14, 2020
Thanks for the timely response, appreciate it

marict

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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