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Author Question: The dean of the Business School at a small Florida college wishes to determine whether the ... (Read 90 times)

lb_gilbert

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The dean of the Business School at a small Florida college wishes to determine whether the grade-point average (GPA) of a graduating student can be used to predict the graduate's starting salary. More specifically, the dean wants to know whether higher GPAs lead to higher starting salaries. Records for 23 of last year's Business School graduates are selected at random, and data on GPA (x) and starting salary (y, in $thousands) for each graduate were used to fit the model

E(y) = β0 + β1x


The results of the simple linear regression are provided below.
= 4.25 + 2.75x,SSxy = 5.15, SSxx = 1.87
SSyy = 15.17, SSE = 1.0075

Compute an estimate of σ, the standard deviation of the random error term.
◦ .048
◦ .689
◦ 0.219
◦ 1.0075


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Marked as best answer by lb_gilbert on Feb 14, 2020

braelync

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lb_gilbert

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


Perkypinki

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

 

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