A Prediction Equation for Starting Salaries (In $1,000s)and SAT Scores

question 2

Multiple Choice

A prediction equation for starting salaries (in $1,000s) and SAT scores was performed using simple linear regression.In the regression printout shown below, what can be said about the level of significance for the overall model? SUMMARY OUTPUT
ANOVA

• A)SAT is not a good predictor for starting salary.
• B)The significance level for the intercept indicates the model is not valid.
• C)The significance level for SAT indicates the slope is equal to zero.
• D)The significance level for SAT indicates the slope is not equal to zero.

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Definitions:

Thinking At The Margin

The concept involves making decisions based on the additional benefit or cost of the next unit of production or consumption.

Air Travel

The act of moving from one place to another through the atmosphere, typically using airplanes or other aircraft.

Bus Ticket

A document or electronic confirmation that permits a person to travel on a bus.

Comparative Advantage

is the ability of an entity to produce a good or service at a lower opportunity cost than others, leading to trade benefits.