SUMMARY OUTPUT Regression Statistics Multiple R 0,866404716 Square 0,750657131 Adjusted R Square 0,747529922 Standard Error 0,086251394 Observations 1212 ANOVA SS MS F Significance F Regression 15 26,78601374 1,785734 240,0405 0 Residual 1196 8,897406316 0,007439 Total 1211 35,68342005 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95,0% Upper 95,0% Intercept -0,512337602 0,053272006 -9,61739 3,84E-21 0,616854585 -0,407820619 -0,616854585 0,407820619 Avg Faculty Salary 9,5056E-06 1,77E-06 5,370387 9,43E-08 6,03294E-06 1,29783E-05 6,03294E-06 1,29783E-05 Pct Full time Faculty 0,021266927 0,011074786 1,920301 0,055057 -0,000461244 0,042995098 0,000461244 0,042995098 In State Tuition 6,82577E-07 2,37649E-07 2,87221 0,004148 2,16322E-07 1,14883E-06 2,16322E-07 1,14883E-06 Pct with fed loans 0,077557606 0,020072757 3,863824 0,000118 0,03817587 0,116939342 0,03817587 0,116939342 Avg Age at Entry -0,005215646 0,001247017 -4,1825 3,09E-05 -0,007662231 -0,002769061 -0,007662231 -0,002769061 UGDS_WOMEN 0,134558931 0,02129141 6,319869 3,69E-10 0,092786261 0,176331601 0,092786261 0,176331601 Avg Family Income 1,7932E-06 1,87321E-07 9,572868 5,73E-21 1,42568E-06 2,16071E-06 1,42568E-06 2,16071E-06 SAT Avg 0,000775006 4,06826E-05 19,05007 7,17E-71 0,000695189 0,000854823 0,000695189 0,000854823 New England 1 -0,045167986 0,013177657 -3,42762 0,00063 0,071021882 0,01931409 0,071021882 0,01931409 Mid East 2 -0,029962519 0,010439408 -2,87014 0,004175 -0,050444111 -0,009480928 -0,050444111 -0,009480928 Great Lakes 3 -0,053387995 0,0109097 -4,89363 1,13E-06 -0,074792274 -0,031983716 -0,074792274 0,031983716 Plains 4 -0,049282873 0,01185496 -4,15715 3,45E-05 0,072541705 -0,02602404 -0,072541705 -0,02602404 Southeast 5 -0,073925497 0,010513519 -7,03147 3,43E-12 -0,09455249 -0,053298505 -0,09455249 -0,053298505 Southwest 6 -0,088926523 0,012620339 -7,04629 3,1E-12 -0,11368699 -0,064166057 -0,11368699 -0,064166057 Rocky Mountains 7 -0,090184546 0,018248669 -4,94198 8,83E-07 0,125987513 -0,054381579 0,125987513 -0,054381579 1. How would the following values for independent variables affect the graduation rate of a school? An increase of $25,000 in average faculty salary