A prestigious college is interested in factors that might be associated with better graduation rates. The administrators wonder whether there is a relationship between acceptance rates and graduation rates. Before proceeding with their regression inference, what conditions and assumptions must be satisfied? Are they? (Source: US News and World Report National University Rankings October 2013. http://colleges .usnews.rankingsandreviews.com/best-colleges/rankings ational-universities/data/spp%2B50/ page +l)Response variable is Grad%
R-squared = 75.2%
s = 0.0254 with 50 - 2 = 48 degrees of freedom