This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An academic advisor wants to predict the typical starting salary of a graduate at a top business ... (Read 81 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
on: Feb 14, 2020

Question 1

True or False.

A low value of the correlation coefficient r implies that x and y are unrelated.
◦ True
◦ False

Question 2

An academic advisor wants to predict the typical starting salary of a graduate at a top business school using the GMAT score of the school as a predictor variable. A simple linear regression of SALARY versus GMAT using 25 data points is shown below.

0 = -92040  1 = 228  s = 3213  r2 = .66  r = .81  df = 23  t = 6.67

Give a practical interpretation of r = .81.
◦ 81% of the sample variation in SALARY can be explained by using GMAT in a straight-line model.
◦ There appears to be a positive correlation between SALARY and GMAT.
◦ We estimate SALARY to increase 81% for every 1-point increase in GMAT.
◦ We can predict SALARY correctly 81% of the time using GMAT in a straight-line model.
Statistics ¦ McClave, Sincich, Tamarack ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ec501234 on Feb 14, 2020

bimper21

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Feb 14, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


ec501234

  • Member
  • Posts: 573
Reply 2 on: Feb 14, 2020
YES! Correct, THANKS for helping me on my review

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Typical keyboard layout. Typical keyboard layout.
Typical Examination Room Equipment and Supplies Cont. Typical Examination Room Equipment and Supplies Cont.
The typical distribution of neurofibrillary tangles and amyloid plaques in the brains of patients ... The typical distribution of neurofibrillary tangles and amyloid plaques in the brains of patients ...
A typical hydrogen fuel cell A typical hydrogen fuel cell
Typical sequence of tooth eruption for both deciduous and permanent teeth Typical sequence of tooth eruption for both deciduous and permanent teeth
Business Math Question Solution Business Math Question Solution
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library