Extracted text: Program Per-Year Tuition ($) 64,698 Mean Starting Salary Upon Graduation ($) 156,733 153,916 147,155 144,947 139,561 156,123 148,455 149,829 137,082 147,744 144,041 145,672 142,501 136,136 123,709 118,213 129,546 128,557 130,448 119,799 113,091 108,897 112,202 109,598 83,225 78,562 98,804 78,098 85,514 67,802 67,666 69,058 67,538 66,539 65,690 69,449 63,033 62,101 68,045 63,008 62,117 56,493 55,982 54,020 55,924 53,099 51,881 49,687 47,074 47,583 49,461 45,316 39,055 47,814 46,648 51,209 37,088 34,225 42,584 42,031 49,075 72,011 75,325 50,928 67,671 100,955 54,938 33,824 21,672 41,509 37,884 82,610 52,272
Extracted text: Pursuing an MBA is a major personal investment. Tuition 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 (e) below. E Click the icon to view the data on program per-year tuition and mean starting salary. a. Construct a scatter plot. Choose the correct graph below. O A. OB. Oc. OD. 80,000- 200,000- 80,000- 200,000- 0- 0- 200,000 Starting Salary (S) 80,000 Tuilion ($) 200,000 Starting Salary (S) 80,000 Tuilion (S) b. Assuming a linear relationship, use the least-squares method to determine the regression coefficients b, and b,. bo =0 b, =0 (Round the value of b, to the nearest integer as needed. Round the value of b, to two decimal places as needed.) c. Interpret the meaning of the slope, b,, in this problem. Select the correct choice below and fill in the answer box to complete your choice. (Round to the nearest dollar as needed.) O A. The approximate starting salary upon graduation when the tuition is S0 is s| . В. O B. For each increase in tuition of $100, the mean starting salary upon graduation is expected to increase by S O C. The approximate tuition when the mean starting salary is S0 is S O D. For each increase in starting salary upon graduation of $100, the mean tuition is expected to increase by S: d. Predict the mean starting salary upon graduation for a program that has a per-year tuition cost of $55,295. The predicted mean starting salary will be s (Round to the nearest dollar as needed.) e. What insights can be obtained about the relationship between program per-year tuition and starting salary upon graduation? A. There is no relationship between program per-year tuition and mean starting salary upon graduation. O B. Having a higher mean starting salary upon graduation results in a lowver program per-year tuition. OC. Mean starting salaries upon graduation tend to be higher among programs with higher per-year tuitions. O D. Having a higher mean starting salary upon graduation results in a higher program per-year tuition. O E. Mean starting salaries upon graduation tend to be lower among programs with higher per-year tuitions. starting Salary (S