Solved

A Study of the Top 75 MBA Programs Attempted to Predict

question 4

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
$\begin{array} { l r c c l } \text { Variables } & \text { Coefficient } & \text { Std Error } & \text { T } & \text { P } \\ \text { Constant } & 18.1849 & 10.3336 & 1.76 & 0.0826 \\ \text { Size } & 1.47494 & 0.14017 & 10.52 & 0.0000 \end{array}$

$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 $1000's) charged by the program. The results of a simple linear regression analysis are shown below: Least Squares Linear Regression of Salary Predictor \begin{array} { l r c c l } \text { Variables } & \text { Coefficient } & \text { Std Error } & \text { T } & \text { P } \\ \text { Constant } & 18.1849 & 10.3336 & 1.76 & 0.0826 \\ \text { Size } & 1.47494 & 0.14017 & 10.52 & 0.0000 \end{array} In addition, we are told that the coefficient of correlation was calculated to be r = 0.7763 . Interpret this result. A) There is a fairly strong negative linear relationship between the amount of tuition charged and the average starting salary variables. B) There is a fairly strong positive linear relationship between the amount of tuition charged and the average starting salary variables. C) There is almost no linear relationship between the amount of tuition charged and the average starting salary variables. D) There is a very weak positive linear relationship between the amount of tuition charged and the average starting salary variables.$

In addition, we are told that the coefficient of correlation was calculated to be $r = 0.7763$ . Interpret this result.

Definitions:

Fair Credit Reporting Act

A federal law designed to promote accuracy, fairness, and the privacy of information in the files of consumer reporting agencies.

Credit History

A record of a person's or company's past borrowing and repaying behavior, including information about late payments and bankruptcy.

Background Checks

The process of verifying the personal, financial, and criminal records of an individual, often conducted by employers.

Reasonable Accommodation

A modification or adjustment to a job, work environment, or the way things are usually done, that enables an individual with a disability to apply for a job, perform job functions, or enjoy benefits and privileges of employment.