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Author Question: A study of the top 75 MBA programs attempted to predict the average starting salary (in $1000s) of ... (Read 119 times)

jrubin

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on: Feb 14, 2020
A study of the top 75 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. The results of a simple linear regression analysis are shown below:

Least Squares Linear Regression of Salary  

Predictor
Variables Coefficient Std Error T P
Constant 18.1849 10.3336 1.76 0.0826
Size 1.47494 0.14017 10.52 0.0000

R-Squared           0.6027      Resid. Mean Square (MSE)    532.986
Adjusted R-Squared  0.5972      Standard Deviation          23.0865

In addition, we are told that the coefficient of correlation was calculated to be r = 0.7763. Interpret this result.
◦ There is almost no linear relationship between the amount of tuition charged and the average starting salary variables.
◦ There is a fairly strong negative linear relationship between the amount of tuition charged and the average starting salary variables.
◦ There is a very weak positive linear relationship between the amount of tuition charged and the average starting salary variables.
◦ There is a fairly strong positive linear relationship between the amount of tuition charged and the average starting salary variables.
Statistics ¦ McClave, Sincich, Tamarack ¦ 12th Edition
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Marked as best answer by jrubin on Feb 14, 2020

SomethingSomething

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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.
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jrubin

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

31809pancho

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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