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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
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 Yi = - 12,087.633 + 2.397Xi and the standard error of the estimate is SYX = 15,642.009. 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, a Click the icon to view the data on program per-year tuition and mean starting salary
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