The dean from one of our local university wants to raise the admission standards of Masters of Accounting and Finance (MAF) program due to overwhelming applications for the past several intakes, while she also concerned about the quality of graduates. She understood that the current admission policy requiresthe applicants to have completed at least 3 years of working experience and having their undergraduate degree with a B-average or better. However, because the program had recently converted from 2-year program to a 1-year program, the number of applicants has increased substantially. She plans to develop a method that can predict an applicant's performance in the program. She believes that student's success in the program (MAGPA) can be predicted by Undergraduate Grade Point Average(UGPA), Graduate Admission Test (GAT) and number of years of work experience (Work). A randomly selected sample of students who completed the MAF was selected. You are required to assistthe dean to administer and develop a plan to decide which applicant to admit. Support your finding in modeldiagnosticand model assessment. You may use the given output in assessing the development of the method.