Each year uS News & World Report conducts its \"Survey of Aherica\'s Best Geadua

Question

Each year uS News & World Report conducts its "Survey of Aherica's Best Geaduale and Professional Schools" The top 25 business schools in 1991, as determined by reputation, student selectivity placement success and graduation rae a isted in the table. For each school, teee variables were measured: (1) GMAT score for the typical incoming student (2) student acceptance ate (percentage accepted of all students who appliedi and d) starting salary sf the tyeical graduahrg The academic advisor wants to predict the typical starting salary of a graduate at a top business school unsing GMAT SCore of the school as a predictor variable A single inear ngression of SALARY versus GMATusing 25 data points are shown GMAT Ace. Rate(%) Sday 37.1 1.2 2,050 43,985 53,161 Click to select your ansaver

Explanation / Answer

Solution:

Equation

Gmat= -92040+288 (Salary)

practical interpretation of Bo = -92040

The value has no practical interpretation since GMAt of 0 is nonsensical and outside the range of the sample data.

Option A is correct.

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