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A Study of the Top 75 MBA Programs Attempted to Predict

question 106

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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 Predictor
 Variables  Coefficient  Std Error  T  P  Constant 18.184910.33361.760.0826 Size 1.474940.1401710.520.0000\begin{array} { l r c c l } \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}

 R-Squared 0.6027 Resid. Mean Square (MSE)  532.986 Adjusted R-Squared 0.5972 Standard Deviation 23.0865\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}
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.

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Definitions:

Single-Party Marketing

Marketing strategies or campaigns that are conceptualized and executed by a single organization, without collaboration with other parties.

Professional Revenue Model

A framework that outlines how a business intends to generate income through its professional services or offerings.

Time

A continuous, irreversible sequence in which events occur from the past, through the present, into the future.

Materials Contract

is an agreement specifying the terms regarding the supply and purchase of materials needed for a particular service or operation.

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