A Study of the Top 75 MBA Programs Attempted to Predict

question 3

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

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

$\begin{array}{lccc}\text { R-Squared } & 0.6027 & \text { Resid. Mean Square (MSE) } & 532.986 \\\text { Adjusted R-Squared } & 0.5972 & \text { Standard Deviation } & 23.0865\end{array}$

Interpret the estimated slope of the regression line.

• A) For every $1000 increase in the tuition charged by the MBA program, we estimate that the average starting salary will decrease by $1474.94.
• B) For every $1000 increase in the average starting salary, we estimate that the tuition charged by the MBA program will increase by $1474.94.
• C) For every $1000 increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $1474.94.
• D) For every $1474.94 increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $18,184.90.

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Definitions:

Csikszentmihalyi's Concept

Csikszentmihalyi's Concept revolves around "flow," a psychological state of complete absorption and enjoyment in an activity, leading to enhanced performance and creativity.

Optimal Experience

Experiences that are highly involving and fulfilling, often referred to as "flow," where individuals lose sense of time and are completely absorbed in the activity.

Self-Actualization

A psychological concept in humanistic theories that represents the realization or fulfilment of one's talents and potentialities, considered as the ultimate goal of personal development.

Self-Determination Theory

A theory of motivation that emphasizes the role of intrinsic motivation and psychological needs in personal growth and behavioral self-regulation.