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.

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Definitions:

Basidia

Specialized spore-producing cells found in the reproductive structures of basidiomycete fungi.

Streptobacilli

Rod-shaped bacteria that grow in chains and can cause diseases in humans and animals.

Diplobacilli

A type of bacteria that forms pairs of bacilli, which are rod-shaped bacterial cells, often involved in various human diseases.

Staphylococcus

A genus of spherical bacteria known to cause various infections due to its resistance to antibiotics.