An MBA Admissions Officer Wishes to Predict an MBA Applicant's

question 33

Multiple Choice

An MBA admissions officer wishes to predict an MBA applicant's grade point average (GPA) for the MBA program on the basis of the applicant's score on the Graduate Management Admission Test (GMAT) and their undergraduate GPA (UGPA) . The admissions officer used a random sample of previously admitted applicants to build a regression tree that can be used to predict the MBA GPAs of future MBA students. Below is the final regression tree. Based on this regression tree, how many of the admitted applicants in the sample had both a GMAT score of at least 740 and an undergraduate GPA of at least 3.87?

• A) 129
• B) 252
• C) 381
• D) 510
• E) There is insufficient information to determine the answer.

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Definitions:

Journalize

The process of recording financial transactions in a company's accounting records or journals.

Transactions

Acts of buying or selling goods, services, or financial instruments.

Invests

The act of allocating resources, usually money, in the expectation of generating an income or profit.

Note Payable

A written promise to pay a specified amount of money, along with interest, by a certain date.