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A Study of the Top 75 MBA Programs Attempted to Predict

question 2

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. The results of a simple linear regression analysis are shown below: Least Squares Linear Regression of Salary

$\begin{array}{lrccl}\text { Predictor}\\\text { Variables } & \text { Coefficient } & \text { Std Error } & \text { T } & \mathbf{P} \\\text { Constant } & 18.1849 & 10.3336 & 1.76 & 0.0826 \\\text { Size } & 1.47494 & 0.14017 & 10.52 & 0.0000\end{array}$

R-Squared $\quad\quad\quad\quad 0.6027 \quad$ Resid. Mean Square (MSE) $532.986$
Adjusted R-Squared $\quad 0.5972 \quad$ Standard Deviation $\quad\quad\quad23.0865$

Fill in the blank. At ? = 0.05, there is _________________ between the amount of tuition charged by an MBA program and the average starting salary of graduates of the program.

Definitions:

Communicate

The act of conveying information or expressing ideas and feelings through verbal or nonverbal means.

Segmentation

The process of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors who might require separate products or marketing strategies.

Psychographics

The study and classification of people according to their attitudes, aspirations, and other psychological criteria, especially in market research.