SAT Scores and GPA Narrative

question 2

Essay

SAT Scores and GPA Narrative
A university admissions committee was interested in examining the relationship between a student's score on the Scholastic Aptitude Test, x, and the student's grade point average, y, at the end of the student's first year of university. The committee selected a random sample of 25 students and recorded the SAT score and GPA at the end of the first year of university for each student. Use the following output that was generated using statistical software to answer the questions below:
Regression Analysis
The regression equation is
GPA = -1.09 + 0.00349 SAT S = 0.1463 R-Sq = 91.8% R-Sq(adj) = 91.5%
Analysis of Variance Correlations (Pearson)
Correlation of SAT and GPA = 0.958
-Refer to SAT Scores and GPA Narrative. Find the estimated GPA at the end of the freshman year for a student who scored 1175 on the SAT exam.

Explain the conditions necessary for successful price discrimination.

Assess how price discrimination impacts consumer welfare and market efficiency.

Recognize the role of market segmentation in price discrimination practices.

Comprehend the implications of price discrimination in service industries and why it is more prevalent there.