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

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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):
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. Test your model against another randomly drawn sample of 50 students (data shown below). Does your model work as well for this sample? Can you explain your findings?
-Refer to Exhibit 8-3. Test your model against another randomly drawn sample of 50 students (data shown below). Does your model work as well for this sample? Can you explain your findings?
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. Test your model against another randomly drawn sample of 50 students (data shown below). Does your model work as well for this sample? Can you explain your findings?

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Definitions:

Financial Statements

Official documents detailing a company's financial transactions and status, which encompass the income statement, balance sheet, and statement of cash flows.

Financial Accounting Standards Board

The Financial Accounting Standards Board (FASB) is an independent nonprofit organization responsible for establishing and improving financial accounting and reporting standards for the guidance and education of the public, including issuers, auditors, and users of financial information.

Verifiable Evidence

Information or data that can be substantiated or confirmed through observation, measurement, and documentation.

Proprietorships

A type of business entity that is owned and run by one individual with no legal distinction between the owner and the business.

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