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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 165 times)

maychende

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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

Source DF SS MS F P
Regression 2 67140.9 33570.5 78.53 0.0000
Residual 72 30780.8 427.5
Total 74 97921.7

Interpret the coefficient of determination value shown in the printout.
◦ We expect most of the average starting salaries to fall within $20,676 of their least squares predicted values.
◦ We can explain 68.57% of the variation in the average starting salaries around their mean using the model that includes the average GMAT score and the tuition for the MBA program.
◦ We expect most of the average starting salaries to fall within $41,353 of their least squares predicted values.
◦ At α = 0.05, there is insufficient evidence to indicate that something in the regression model is useful for predicting the average starting salary of the graduates of an MBA program.
Statistics ¦ McClave, Sincich, Tamarack ¦ 12th Edition
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Marked as best answer by maychende on Feb 14, 2020

al

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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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maychende

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Reply 2 on: Feb 14, 2020
Gracias!

tuate

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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