A Study of the Top MBA Programs Attempted to Predict $\mathrm { F } = 84.68$

question 124

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

Cases Included 75 Missing Cases 0
The global-f test statistic is shown on the printout to be the value $\mathrm { F } = 84.68$ . Interpret this value.
A) There is sufficient evidence, at $\alpha = 0.05$ , to indicate that at least one of the variables proposed in the interaction model is useful at predicting the average starting salary of graduates of MBA programs.
B) There is instufficient evidence, at $\alpha = 0.05$ , to indicate that at least one of the variables proposed in the interaction model is useful at predicting the average starting salary of graduates of MBA programs.
C) There is sufficient evidence, at $\alpha = 0.05$ , to indicate that the interaction between average tuition and average GMAT score is a useful predictor of the average starting salary of graduates of MBA programs.
D) There is insufficient evidence, at $\alpha = 0.05$ , to indicate that the interaction between average tuition and average GMAT score is a useful predictor of the average starting salary of graduates of MBA programs.

• A) There is sufficient evidence, at \(\alpha = 0.05\), to indicate that at least one of the variables proposed in the interaction model is useful at predicting the average starting salary of graduates of MBA programs.
• B) There is instufficient evidence, at \(\alpha = 0.05\), to indicate that at least one of the variables proposed in the interaction model is useful at predicting the average starting salary of graduates of MBA programs.
• C) There is sufficient evidence, at \(\alpha = 0.05\), to indicate that the interaction between average tuition and average GMAT score is a useful predictor of the average starting salary of graduates of MBA programs.
• D) There is insufficient evidence, at \(\alpha = 0.05\), to indicate that the interaction between average tuition and average GMAT score is a useful predictor of the average starting salary of graduates of MBA programs.

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Definitions:

Largest Proportion

The biggest part or share when comparing amounts or sizes within a whole.

Initial Proletarianization

The early process of transforming agrarian or semi-feudal societies into industrial ones, where the mass of the population begins to receive wages for labor instead of living off the land.

Industrial Working Class

A socio-economic class comprised of individuals employed in industrial sectors, often involving manual labor and receiving wages for their services.

Craft Workers

Skilled laborers who produce goods or provide services with a particular expertise, often by hand or using traditional methods.