Exhibit 8-3A Standardized Testing Agency Would Like to Understand the Role

question 7

Essay

Exhibit 8-3A standardized testing agency would like to understand the role of tests in admission decisions at top business schools. It is particularly interested in the relative roles played by the GRE and the undergraduate GPA in the admissions process. It has gathered the following data for 50 randomly sampled applicants (which has been sorted by Admitted):

-Refer to Exhibit 8-3. Write out your model and interpret your results. Do the results make sense?

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Definitions:

Rosy Retrospection

The phenomenon where people judge past experiences more positively than they evaluated them in real-time.

Paris Vacation

A trip or holiday taken to Paris, the capital city of France, known for its art, fashion, gastronomy, and culture.

Photographic Memory

The ability to remember images, sounds, or objects in great detail, as though one is looking at a photograph.

Sensory Memory

is a very short-term storage of information received through the senses, which lasts for a very brief period but is crucial for perceiving the environment.