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Author Question: An academic advisor wants to predict the typical starting salary of a graduate at a top business ... (Read 67 times)

RODY.ELKHALIL

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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

A 95% prediction interval for SALARY when GMAT = 600 is approximately ($37,915, $51,984). Interpret this interval.
◦ We are 95% confident that the increase in SALARY for a 600-point increase in GMAT will fall between $37,915 and $51,984.
◦ We are 95% confident that the SALARY of a top business school graduate with a GMAT of 600 will fall between $37,915 and $51,984.
◦ We are 95% confident that the mean SALARY of all top business school graduates with GMATs of 600 will fall between $37,915 and $51,984.
◦ We are 95% confident that the SALARY of a top business school graduate will fall between $37,915 and $51,984.
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Marked as best answer by RODY.ELKHALIL on Feb 14, 2020

mrphibs

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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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RODY.ELKHALIL

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Reply 2 on: Feb 14, 2020
Thanks for the timely response, appreciate it

fatboyy09

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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