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Based on the data how can the numbers in the solution be found ? Thanks. Program Per-Year Mean Starting Salary Tuition ($) Upon Graduation ($)

Based on the data how can the numbers in the solution be found ? Thanks.

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Program Per-Year Mean Starting Salary Tuition ($) Upon Graduation ($) 8 of 8 (8 complete) 62,576 156,774 67,925 157,591 67,724 146,415 66,718 141,983 66,310 139,676 Pursuing an MBA is a major personal investment. Tuition and expenses associated with business school programs are costly, but the high costs come with hopes of career advancement and high salaries. A prospective MBA student would like to examine the 65,982 155, 866 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 65,800 146,959 accompanying table. Complete parts (a) through (e) below. 70, 197 148,752 63,700 137,560 Click the icon to view the data on program per-year tuition and mean starting salary. 62,223 143,702 66,525 143,572 a. Construct a scatter plot. Choose the correct graph below. 61,630 143,772 60,927 138,406 O B. O C. O D. 56,195 138,968 53,553 123,994 200,0097 80,009- 200,009 80,000- 55,963 117,814 54,450 129, 168 Starting Salary ($) Tuition ($) Starting Salary ($ Tuition ($ 52,166 127,548 52,949 130,869 50,975 119,803 46,081 116,249 80,000 200,000 80.000 200,000 Tuition ($) Tuition ($) Starting Salary ($) 18,765 Starting Salary ($) 106,975 51,138 112, 126 . Assuming a linear relationship, use the least-squares method to determine the regression coefficients bo and by - 44,629 109,081 39,451 82,301 47,904 82,170 bo = - 12,782 46,219 103,087 by = 2.41 51,406 74,206 Round the value ofvo to the nearest integer as needed. Round the value of b, to two decimal places as needed.) 39,215 86,338 34,130 72,679 43.244 74,929 c. Interpret the meaning of the slope, by , in this problem. Select the correct choice below and fill in the answer box to complete your choice. 41,836 53,968 Round to the nearest dollar as needed.) 48,399 65,460 32,597 100,216 A. For each increase in tuition of $100, the mean starting salary upon graduation is expected to increase by $ 241 . 24,517 57,198 40.058 80,565 O B. The approximate tuition when the mean starting salary is $0 is $ 40,238 55,267 C. For each increase in starting salary upon graduation of $100, the mean tuition is expected to increase by $. O D. The approximate starting salary upon graduation when the tuition is $0 is $ DATA ABOVE d. Predict the mean starting salary upon graduation for a program that has a per-year tuition cost of $36,033. The predicted mean starting salary will be $ 74,227. Round to the nearest dollar as needed. e. What insights can be obtained about the relationship between program per-year tuition and starting salary upon graduation? A. Mean starting salaries upon graduation tend to be higher among programs with higher per-year tuitions

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