A Study of the Top 75 MBA Programs Attempted to Predict

question 16

Multiple Choice

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. We are told that the coefficient of correlation was calculated to be $r = 0.7763$ . Use this information to calculate the test statistic that would be used to determine if a positive linear relationship exists between the two variables.

• A) \(t = 1.760\)
• B) \(t = 10.52\)
• C) \(t = 1.475\)
• D) \(t = 0.6027\)

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Definitions:

Subjective Approach

A perspective or method that relies on personal opinions, interpretations, feelings, or tastes, rather than objective or external facts.

Contract Determination

The process of establishing the terms of a contract, including its obligations, benefits, and conditions, often through negotiation.

Enforcement

The act of compelling compliance with a law, rule, agreement, or order.

Acceptance

In contract law, an expression of agreement to the terms of an offer that results in a binding contract between the parties.