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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 93 times)

shofmannx20

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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

Interpret the estimated slope of the regression line.
◦ For every $1000 increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $1474.94.
◦ For every $1474.94 increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $18,184.90.
◦ For every $1000 increase in the average starting salary, we estimate that the tuition charged by the MBA program will increase by $1474.94.
◦ For every $1000 increase in the tuition charged by the MBA program, we estimate that the average starting salary will decrease by $1474.94.
Statistics ¦ McClave, Sincich, Tamarack ¦ 12th Edition
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Marked as best answer by shofmannx20 on Feb 14, 2020

blakcmamba

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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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shofmannx20

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Reply 2 on: Feb 14, 2020
Great answer, keep it coming :)

cpetit11

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Reply 3 on: Yesterday
Wow, this really help

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