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

question 64

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. The school requires a predicted MBA GPA of at least 3.50 for an admitted applicant to be considered for a Graduate Assistantship. An MBA applicant has a GMAT score of 620. Based on this regression tree, which of the following undergraduate GPAs is the lowest this applicant can earn to be considered for a Graduate Assistantship?

• A) 3.01
• B) 3.54
• C) 3.92
• D) None of the above undergraduate GPAs would allow them to qualify for a Graduate Assistantship.
• E) There is insufficient information to determine the minimum allowable undergraduate GPA.

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Definitions:

Total Risk

The complete range of possible risks that can affect a project, investment, or venture, encompassing both known and unknown factors.

Risk Response Plan

A strategic outline detailing the steps to be taken to address specific risks identified during the risk management process.

Initiation Phase

The first phase of a project lifecycle, focusing on defining the project at a broad level, including its purpose, scope, and objectives.

Potential Benefit

A prospective advantage or positive outcome that may arise from a particular action or decision.