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A study of the top 75 MBA programs attempted to predict the average starting salary in $1000's) of graduates of the program based on the

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A study of the top 75 MBA programs attempted to predict the average starting salary in $1000's) of graduates of the program based on the amount of tuition (in $1000's) charged by the program. The results of a simple linear regression analysis are shown below. Least Squares Linear Regression of Salary Predictor Variables Coefficient Std Error T Constant 18. 1849 10.3336 1.76 0.0826 Size 1.47494 0.14017 10.52 0.0000 R-Squared 0.6027 Resid. Mean Square (MSE) 532.986 Adjusted R-Squared 0.5972 Standard Deviation 23.0865 Interpret the estimated slope of the regression line For every 51000 increase in the tuition changed by the MBA program, we estimate that the average starting salary will decrease by $1474.94 For every 51000 increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $1474 04 For every $1000 increase in the average starting salary, we estimate that the tuition charged by the MBA program will increase by $1474 94 For every $147494 increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $18,184 90

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