(Situation P) Below Are the Results of a Survey of America's

question 22

Multiple Choice

(Situation P) Below are the results of a survey of America's best graduate and professional schools. The top 25 business schools, as determined by reputation, student selectivity, placement success, and graduation rate, are listed in the table.
For each school, three variables were measured: (1) GMAT score for the typical incoming student; (2) student acceptance rate (percentage accepted of all students who applied) ; and (3) starting salary of the typical graduating student. $$\begin{array} { l l l l r } & \text { School } & \text { GMAT } & \text { Acc. Rate } & \text { Salary } \\\hline\text { 1. } & \text { Harvard } & 644 & 15.0 \% & \$ 63,000 \\2 . & \text { Stanford } & 665 & 10.2 & 60,000 \\3 . & \text { Penn } & 644 & 19.4 & 55,000 \\4 . & \text { Northwestern } & 640 & 22.6 & 54,000 \\\text { 5. } & \text { MIT } & 650 & 21.3 & 57,000 \\6 . & \text { Chicago } & 632 & 30.0 & 55,269 \\7 . & \text { Duke } & 630 & 18.2 & 53,300 \\\text { 8. } & \text { Dartmouth } & 649 & 13.4 & 52,000 \\9 . & \text { Virginia } & 630 & 23.0 & 55,269 \\\text { 10. } & \text { Michigan } & 620 & 32.4 & 53.300 \\\text { 11. } & \text { Columbia } & 635 & 37.1 & 52,000 \\\text { 12. } & \text { Cornell } & 648 & 14.9 & 50,700 \\\text { 13. } & \text { CMU } & 630 & 31.2 & 52,050 \\\text { 14. } & \text { UNC } & 625 & 15.4 & 50,800 \\\text { 15. } & \text { Cal-Berkeley } & 634 & 24.7 & 50,000 \\\text { 16. } & \text { UCLA } & 640 & 20.7 & 51,494 \\\text { 17. } & \text { Texas } & 612 & 28.1 & 43,985 \\\text { 18. } & \text { Indiana } & 600 & 29.0 & 44,119 \\\text { 19. } & \text { NYU } & 610 & 35.0 & 53,161 \\\text { 20. } & \text { Purdue } & 595 & 26.8 & 43,500 \\\text { 21. } & \text { USC } & 610 & 31.9 & 49,080 \\\text { 22. } & \text { Pittsburgh } & 605 & 33.0 & 43,500 \\\text { 23. } & \text { Georgetown } & 617 & 31.7 & 45,156 \\24 . & \text { Maryland } & 593 & 28.1 & 42,925 \\25 . & \text { Rochester } & 605 & 35.9 & 44,499\end{array}$$ The academic advisor wants to predict the typical starting salary of a graduate at a top business school using GMAT score of the school as a predictor variable. A simple linear regression of SALARY versus GMAT using the 25 data points in the table are shown below. $$\beta _ { 0 } = - 92040 \quad \hat { \beta } _ { 1 } = 228 \quad s = 3213 \quad r ^ { 2 } = .66 \quad r = .81 \quad \mathrm { df } = 23 \quad t = 6.67$$
-A 95% prediction interval for SALARY when GMAT = 600 is ($37,915, $51,948) . Interpret this interval for the situation above.

• A) We are 95% confident that the SALARY of a top business school graduate will fall between $37,915 and $51,984.
• B) We are 95% confident that the increase in SALARY for a 600-point increase in GMAT will fall between $37,915 and $51,984.
• C) We are 95% confident that the SALARY of a top business school graduate with a GMAT of 600 will fall between $37,915 and $51,984.
• D) We are 95% confident that the mean SALARY of all top business school graduates with GMATs of 600 will fall between $37,915 and $51,984.

Appreciate the importance of sustainable ecosystem management in technological societies.

Comprehend the basics of energy transfer in ecosystems, including the concept of trophic levels and trophic efficiency.

Understand the significance of nitrogen fixation and other nutrient cycles for plant growth and ecosystem functioning.

Grasp the challenges and importance of maintaining biodiversity, including the role of pollinators in agriculture.

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Cash Cycle

The amount of time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Cash Disbursement

Cash disbursement refers to the payment of money by a business to settle obligations, including operating expenses, investments, and financing activities.

Cash Collection

The process of receiving cash payments from customers, typically related to sales or services provided.

Trust Receipts

Documents that acknowledge the receipt of goods but allow the buyer to sell or process the goods before payment is made to the seller.