A Study of the Top MBA Programs Attempted to Predict $\mathrm { p }$

question 96

Short Answer

A study of the top 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 and the average GMAT score of the program's students. The results of a regression analysis based on a sample of 75 MBA programs is shown below: Least Squares Linear Regression of Salary

Interpret the $\mathrm { p }$ -value for the global $\mathrm { f }$ -test shown on the printout.
A) At $\alpha = 0.05$ , there is insufficient evidence to indicate that something in the regression model is useful for predicting the average starting salary of the graduates of an MBA program.
B) At $\alpha = 0.05$ , there is insufficient evidence to indicate that the average GMAT score of the MBA program's students is useful for predicting the average starting salary of the graduates of an MBA program.
C) At $\alpha = 0.05$ , there is stufficient evidence to indicate that the average GMAT score of the MBA program's students is useful for predicting the average starting salary of the graduates of an MBA program.
D) At $\alpha = 0.05$ , there is sufficient evidence to indicate that something in the regression model is useful for predicting the average starting salary of the graduates of an MBA program.

• A) At \(\alpha = 0.05\), there is insufficient evidence to indicate that something in the regression model is useful for predicting the average starting salary of the graduates of an MBA program.
• B) At \(\alpha = 0.05\), there is insufficient evidence to indicate that the average GMAT score of the MBA program's students is useful for predicting the average starting salary of the graduates of an MBA program.
• C) At \(\alpha = 0.05\), there is stufficient evidence to indicate that the average GMAT score of the MBA program's students is useful for predicting the average starting salary of the graduates of an MBA program.
• D) At \(\alpha = 0.05\), there is sufficient evidence to indicate that something in the regression model is useful for predicting the average starting salary of the graduates of an MBA program.

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Definitions:

Reduction of Information

The process of simplifying or consolidating information to make it more understandable and manageable.

Bodily Kinesthetic

Refers to a learning style that involves the use of body movement and the ability to process information through physical sensations.

Affective

Refers to moods, feelings, and attitudes, especially as they influence behavior or learning.

Evaluative

Involving making judgments about the value of something, typically in terms of its usefulness, quality, or performance.