A study of the top MBA programs attempted to predict the average starting salary (in $1000ʹs) of graduates of the program based on the amount of tuition (in $1000ʹs) charged by the program and
The average GMAT score of the programʹs students. The results of a regression analysis based on a
Sample of 75 MBA programs is shown below: Least Squares Linear Regression of Salary
Predictor
Cases Included 75 Missing Cases 0
One of the -test test statistics is shown on the printout to be the value . Interpret this value.
A) There is insufficient evidence, at , 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 sufficient evidence, at , to indicate that there is a curvilinear relationship between average starting salary of graduates of MBA programs and the tuition of the MBA program.
C) There is sufficient evidence, at , 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.
D) There is sufficient evidence, at , to indicate that there is a linear relationship between average starting salary of graduates of MBA programs and the tuition of the MBA program.
Correct Answer:
Verified
Q67: A graphing calculator was used to
Q68: A certain type of rare gem
Q69: What relationship between x and y is
Q70: A certain type of rare gem
Q71: A collector of grandfather clocks believes
Q73: When testing the utility of the
Q74: A collector of grandfather clocks believes
Q75: A certain type of rare gem
Q76: When modeling E(y)with a single qualitative independent
Q77: A study of the top MBA
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents