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13.7 Question 1, 13.7.44-T Part 2 of 5 HW Score: 7.14%, 0.14 of 2 points Points: 0 of 1 Save A prospective MBA student
13.7 Question 1, 13.7.44-T Part 2 of 5 HW Score: 7.14%, 0.14 of 2 points Points: 0 of 1 Save A prospective MBA student would like to examine the factors that impact starting salary upon graduation and decides to develop a model that uses program per-year tuition as a predictor of starting salary. Data were collected for 37 full-time MBA programs offered at private universities. The data are stored in the accompanying table. The least-squares regression equation for these data is Y = -13,677.819 +2.424X; and the standard error of the estimate is Syx = 16,475.306. Assume that the straight-line model is appropriate and there are no serious violations the assumptions of the least-squares regression model. Complete parts (a) and (b) below. Click the icon to view the data on program per-year tuition and mean starting salary. a. At the 0.05 level of significance, is there evidence of a linear relationship between the starting salary upon graduation and program per-year tuition? Determine the hypotheses for the test. Ho: B = 0 H: B #0 (Type integers or decimals. Do not round.) Compute the test statistic. The test statistic is tSTAT = . (Round to two decimal places as needed.)
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