A study of the top 75 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.
The results of a simple linear regression analysis are shown below: Least Squares Linear Regression of Salary
Predictor

Interpret the estimated slope of the regression line.
A) For every $\$ 1000$ increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $\$ 1474.94$.
B) For every $\$ 1000$ increase in the tuition charged by the MBA program, we estimate that the average starting salary will decrease by $\$ 1474.94$.
C) For every $\$ 1474.94$ increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $\$ 18,184.90$.
D) For every $\$ 1000$ increase in the average starting salary, we estimate that the tuition charged by the MBA program will increase by $\$ 1474.94$.

Question

A study of the top 75 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.
The results of a simple linear regression analysis are shown below: Least Squares Linear Regression of Salary
Predictor

Interpret the estimated slope of the regression line.
A) For every $\$ 1000$ increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $\$ 1474.94$. 
B) For every $\$ 1000$ increase in the tuition charged by the MBA program, we estimate that the average starting salary will decrease by $\$ 1474.94$. 
C) For every $\$ 1474.94$ increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $\$ 18,184.90$. 
D) For every $\$ 1000$ increase in the average starting salary, we estimate that the tuition charged by the MBA program will increase by $\$ 1474.94$.

Quizplus · Accepted Answer

The Answer of A study of the top 75 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.
The results of a simple linear regression analysis are shown below: Least Squares Linear Regression of Salary
Predictor

Interpret the estimated slope of the regression line.
A) For every $\$ 1000$ increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $\$ 1474.94$. 
B) For every $\$ 1000$ increase in the tuition charged by the MBA program, we estimate that the average starting salary will decrease by $\$ 1474.94$. 
C) For every $\$ 1474.94$ increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $\$ 18,184.90$. 
D) For every $\$ 1000$ increase in the average starting salary, we estimate that the tuition charged by the MBA program will increase by $\$ 1474.94$.

A Study of the Top 75 MBA Programs Attempted to Predict