A Study of the Top 75 MBA Programs Attempted to Predict

question 100

Multiple Choice

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


Interpret the estimated slope of the regression line.

• A) For every \(\$ 1000\) increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by \(\$ 1474.94\).
• B) For every \(\$ 1000\) increase in the tuition charged by the MBA program, we estimate that the average starting salary will decrease by \(\$ 1474.94\).
• C) For every \(\$ 1474.94\) increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by \(\$ 18,184.90\).
• D) For every \(\$ 1000\) increase in the average starting salary, we estimate that the tuition charged by the MBA program will increase by \(\$ 1474.94\).

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Definitions:

Redeemers

Post–Civil War Democratic leaders who supposedly saved the South from Yankee domination and preserved the primarily rural economy.

Convict Labor

The practice of using prisoners for work, often in hard or skilled labor, historically utilized to build infrastructure, in private enterprises, or as a form of punishment.

White Illiteracy

The inability to read and write among white populations, historically discussed in contexts of education and social development, particularly in post-Civil War southern United States.

White Domination

A social system where white individuals hold power and privilege over other racial groups, often instituted through racial segregation, discrimination, and policies.