Question
Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept -15363.10617 30326.88129 -0.50658 0.613200752 -75292.73845 44566.5261 -75292.73845 44566.52612 COST 0.444331336
Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | Lower 95.0% | Upper 95.0% | |
Intercept | -15363.10617 | 30326.88129 | -0.50658 | 0.613200752 | -75292.73845 | 44566.5261 | -75292.73845 | 44566.52612 |
COST | 0.444331336 | 0.167146468 | 2.658335 | 0.008716424 | 0.114029442 | 0.77463323 | 0.114029442 | 0.77463323 |
TOTALSTUDENTS | 0.228773767 | 0.622926803 | 0.367256 | 0.713952488 | -1.002205899 | 1.45975343 | -1.002205899 | 1.459753434 |
FACULTY | 3.502791332 | 15.13202114 | 0.231482 | 0.817260057 | -26.39993602 | 33.4055187 | -26.39993602 | 33.40551869 |
HSGPA | 35645.13659 | 8875.898679 | 4.015947 | 9.38E-05 | 18105.27356 | 53184.9996 | 18105.27356 | 53184.99962 |
LIBVOL | 21.41717659 | 5.97590333 | 3.583923 | 0.00045878 | 9.608059604 | 33.2262936 | 9.608059604 | 33.22629358 |
Rank | -304.243799 | 34.89141266 | -8.71973 | 5.27E-15 | -373.1935044 | -235.29409 | -373.1935044 | -235.2940936 |
what strategy or strategies would you recommend for improving the starting salaries of SWC graduates? Explain in detail, justifying with evidence from your analysis.
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Total Students -The variable slope is 0.228773767 which means if the value of total students increases by 1, then the starting salary will increase by 0.228773767.
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Faculty -The variable slope is 3.502791332 which means if the value of faculty increases by 1, then the starting salary will increase by 3.502791332.
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Cost -The variable slope is 0.444331336 which means if the value of cost increases by 1, then the starting salary will increase by 0.444331336 .The test statistic for cost is 2.658335 which means that there is a moderate, positive correlation between cost and the starting salary of the students.
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HSGPA -The variable slope is 35645.13659 which means if the value of HSGPA increases by 1, then the starting salary will increase by 35645.13659 .The test statistic for HSGPA is 4.015947 which means there is a strong, positive correlation between HSGPA and the starting salary of the students.
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LIBVOL -The variable slope is 21.41717659 which means if the value of LIBVOL increases by 1, then the starting salary will increase by 21.41717659 .The test statistic for LIBVOL is 3.5839923 which means there is a strong, positive correlation between the LIBVOL and the starting salary of the students.
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Rank -The variable slope is 304.243799 which means if the value of rank increases by 1, then the starting salary will increase by 304.243799.The test statistic for rank is 8.71973 which means there is a strong, negative correlation between rank and the starting salary of the students.
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