Solved

A Study of the Top MBA Programs Attempted to Predict $1000\$ 1000

Question 56

Multiple Choice

A study of the top MBA programs attempted to predict the average starting salary (in $1000\$ 1000 's) of graduates of the program based on the amount of tuition (in $1000\$ 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
 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    Cases Included  75 \quad  Missing Cases 0 One of the  t -test test statistics is shown on the printout to be the value  t = 5.58 . Interpret this value. A)  There is insufficient evidence, at  \alpha = 0.05 , to indicate that at least one of the variables proposed in the interaction model is useful at predicting the average starting salary of graduates of MBA programs. B)  There is insufficient evidence, at  \alpha = 0.05 , to indicate that the interaction between average tuition and average GMAT score is a useful predictor of the average starting salary of graduates of MBA programs. C)  There is sufficient evidence, at  \alpha = 0.05 , to indicate that the interaction between average tuition and average GMAT score is a useful predictor of the average starting salary of graduates of MBA programs. D)  There is sufficient evidence, at  \alpha = 0.05 , to indicate that at least one of the variables proposed in the interaction model is useful at predicting the average starting salary of graduates of MBA programs.

Cases Included 7575 \quad Missing Cases 0
One of the tt -test test statistics is shown on the printout to be the value t=5.58t = 5.58 . Interpret this value.


A) There is insufficient evidence, at α=0.05\alpha = 0.05 , to indicate that at least one of the variables proposed in the interaction model is useful at predicting the average starting salary of graduates of MBA programs.
B) There is insufficient evidence, at α=0.05\alpha = 0.05 , to indicate that the interaction between average tuition and average GMAT score is a useful predictor of the average starting salary of graduates of MBA programs.
C) There is sufficient evidence, at α=0.05\alpha = 0.05 , to indicate that the interaction between average tuition and average GMAT score is a useful predictor of the average starting salary of graduates of MBA programs.
D) There is sufficient evidence, at α=0.05\alpha = 0.05 , to indicate that at least one of the variables proposed in the interaction model is useful at predicting the average starting salary of graduates of MBA programs.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents