Pursuing an MBA is a major personal investment. Tultion 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 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. Complete parts (a) through (c) below. Click the icon to view the data on program per-year tuition and mean starting salary. a. Construct a 95% confidence interval estimate of the mean starting salary upon graduation of an individual program with per-year tuition cost of $50.250. 5Yx=50,2505 (Round to the nearest dollar) Tuition vs. Salary An agent for a real estate company in a suburb has the business objective of developing more accurate estimates of the monthly rental cost for apartments. The agent would like to use the size of an apartment, as defined by square footage to predict the monthly rental cost. The agent collects data from a sample of 30 one-bedroom apartments. Complete parts (a) through (c). Click the icon to view the data table. a. Construct a 95% confidence interval estimate of the mean monthly rental for all one-bedroom apartments that are 808 square foet in size. sY(X=808 (Type integers or decimals. Round to fwo decimal places as needed. Use ascending order.) Data table Pursuing an MBA is a major personal investment. Tultion 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 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. Complete parts (a) through (c) below. Click the icon to view the data on program per-year tuition and mean starting salary. a. Construct a 95% confidence interval estimate of the mean starting salary upon graduation of an individual program with per-year tuition cost of $50.250. 5Yx=50,2505 (Round to the nearest dollar) Tuition vs. Salary An agent for a real estate company in a suburb has the business objective of developing more accurate estimates of the monthly rental cost for apartments. The agent would like to use the size of an apartment, as defined by square footage to predict the monthly rental cost. The agent collects data from a sample of 30 one-bedroom apartments. Complete parts (a) through (c). Click the icon to view the data table. a. Construct a 95% confidence interval estimate of the mean monthly rental for all one-bedroom apartments that are 808 square foet in size. sY(X=808 (Type integers or decimals. Round to fwo decimal places as needed. Use ascending order.) Data table
