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 119 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
Wow, this really help

dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Typical exhaust manifold gaskets. Note how they are laminated to allow the exhaust manifold to ... Typical exhaust manifold gaskets. Note how they are laminated to allow the exhaust manifold to ...
A typical engine coolant temperature (ECT) sensor. ECT sensors are located near the thermostat ... A typical engine coolant temperature (ECT) sensor. ECT sensors are located near the thermostat ...
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
A typical intertidal zone A typical intertidal zone
Life cycle of a typical flowering plant. Life cycle of a typical flowering plant.
Math for Business and Finance: an Algebraic Approach, 3rd Edition Jeffrey Slater Math for Business and Finance: an Algebraic Approach, 3rd Edition Jeffrey Slater
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library