John Is an Undergraduate Business Major Studying at a Local

question 29

Essay

John is an undergraduate business major studying at a local university. He wonders how his grade point average (GPA) can affect his future earnings. He asks five recent business school for graduates information on their GPA and income (in $1,000s). The following table shows this information. a. Use software to construct a scatterplot, Verify that estimating a simple linear regression is appropriate in this case.
B) Use software to calculate b₀ and b₁. What is the sample regression equation?
C) Interpret the coefficient for GPA.
D) Find the predicted income earned if a GPA equals 3.0, 3.3, and 3.6.

---

Definitions:

Race

A social construct used to categorize humans based on physical characteristics, ancestry, and genetics, often leading to disparities and discrimination.

Africans

Refers to people originating from or associated with the continent of Africa.

Skin Color

A physical characteristic determined by the amount and type of melanin in the skin, which has been a basis for social classification and discrimination.

English

A West Germanic language that originated in England and is now globally spoken, serving as a primary or secondary language in many countries.