A Study of the Top MBA Programs Attempted to Predict $p$

question 130

Multiple Choice

A study of the top MBA programs attempted to predict the average starting salary (in $1000ʹs) of graduates of the program based on the amount of tuition (in $1000ʹs) charged by the program and
The average GMAT score of the programʹs students. The results of a regression analysis based on a
Sample of 75 MBA programs is shown below: Least Squares Linear Regression of Salary
Predictor




Interpret the $p$ -value for the global $f$ -test shown on the printout.

• A) 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.
• 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 sufficient 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 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.

---

Definitions:

Painful Stimulus

A stimulus that is physically uncomfortable or hurtful, often triggering a reflexive withdrawal or response to stop the pain.

Motor Response

The physical reaction of the body to a stimulus, involving movement of muscles.

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord.

Sensory Nerves

Nerves that transmit sensory information from the body to the central nervous system.