Examlex

Solved

Choose the One Alternative That Best Completes the Statement or Answers

question 149

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-The dean of the Business School at a small Florida college wishes to determine whether the grade-point average (GPA) of a graduating student can be used to predict the graduate's starting salary. More specifically, the dean wants to know whether higher GPA's lead to higher starting salaries. Records for 23 of last year's Business School graduates are selected at random, and data on GPA (x) ( x ) and starting salary ( yy , in Sthousands) for each graduate were used to fit the model, E(y) =β0+β1x\mathrm { E } ( \mathrm { y } ) = \beta _ { 0 } + \beta _ { 1 } \mathrm { x } . The results of the simple linear regression are provided below.
y^=4.25+2.75x,SSxy=5.15,SSxx=1.87SSyy=15.17,SSE=1.0075 Range of the x-values: 2.23=3.85 Range of the y-values: 9.315.6\begin{array} { l l } \hat { y } = 4.25 + 2.75 \mathrm { x } , & \mathrm { SSxy } = 5.15 , \mathrm { SSxx } = 1.87 \\ & \mathrm { SSyy } = 15.17 , \mathrm { SSE } = 1.0075 \\ \text { Range of the x-values: } & 2.23 = 3.85 \\ \text { Range of the } \mathrm { y } \text {-values: } & 9.3 - 15.6 \end{array}
Range of the y\mathrm { y } -values: 9.315.69.3 - 15.6
Calculate the value of R2\mathrm { R } ^ { 2 } , the coefficient of determination.


Definitions:

Food Company

An enterprise that produces, processes, or distributes food products for consumer consumption, ranging from agricultural production to packaged goods.

Eating Food

The act of consuming edible substances to provide nutritional support for the body.

Sexual Equity

Parity among heterosexual, gay, lesbian, bisexual, and transgender employees.

Top-Level Management

Senior executives responsible for the overall direction and success of an organization, including positions like CEO and CFO.

Related Questions