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 91 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
on: Feb 14, 2020
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 r2 = .66.
◦ We expect to predict SALARY to within 2 of its true value using GMAT in a straight-line model.
◦ We can predict SALARY correctly 66% of the time using GMAT in a straight-line model.
◦ 66% of the sample variation in SALARY can be explained by using GMAT in a straight-line model.
◦ We estimate SALARY to increase $.66 for every 1-point increase in GMAT.
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 mpobi80 on Feb 14, 2020

ashely1112

  • Sr. Member
  • ****
  • Posts: 347
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


mpobi80

  • Member
  • Posts: 519
Reply 2 on: Feb 14, 2020
:D TYSM

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Energy flows in a typical gasoline-powered car Energy flows in a typical gasoline-powered car
The end of a typical line wrench, which shows that it is capable of grasping most of the head of ... The end of a typical line wrench, which shows that it is capable of grasping most of the head of ...
Typical engine analyzer hookup that includes a scope display. (1) Coil wire on top of the ... Typical engine analyzer hookup that includes a scope display. (1) Coil wire on top of the ...
The course of EEG stages during a typical night’s sleep and the relation of emergent stage 1 EEG ... The course of EEG stages during a typical night’s sleep and the relation of emergent stage 1 EEG ...
Typical Mendelian pattern of inheritance of HLA haplotypes includes children AC, BC, AD, and BD. ... Typical Mendelian pattern of inheritance of HLA haplotypes includes children AC, BC, AD, and BD. ...
Structures of a few typical eukaryotic promoters Structures of a few typical eukaryotic promoters
Video: Carbohydrate digestion - mouth and stomach & pancreas and small intestine

For a complete list of videos, visit our video library