4-18 Thirteen students entered the undergraduate business program at Rollins College 2 years ago. The following table indicates what their grade-point averages (GPAS) were after being in the program for 2 years and what each student scored on the SAT exam (maximum 2400) when he or she was in high school. Is there a meaningful relationship between grades and SAT scores? If a student scores a 1200 on the SAT, what do you think his or her GPA will be? What about a student who scores 2400? STUDENT SAT SCORE GPA STUDENT SAT SCORE GPA A 2.90 H 2.53 B 2.93 I 3.22 C 3.00 J 1.99 D 3.45 K 2.75 3.66 L 3.90 2.88 M 1.60 2.15 E F G 1263 1131 1755 2070 1824 1170 1245 1443 2187 1503 1839 2127 1098

4-18 Thirteen students entered the undergraduate business program at Rollins College 2 years ago. The following table indicates what their grade-point averages (GPAS) were after being in the program for 2 years and what each student scored on the SAT exam (maximum 2400) when he or she was in high school. Is there a meaningful relationship between grades and SAT scores? If a student scores a 1200 on the SAT, what do you think his or her GPA will be? What about a student who scores 2400? STUDENT SAT SCORE GPA STUDENT SAT SCORE GPA A 2.90 H 2.53 B 2.93 I 3.22 C 3.00 J 1.99 D 3.45 K 2.75 3.66 L 3.90 2.88 M 1.60 2.15 E F G 1263 1131 1755 2070 1824 1170 1245 1443 2187 1503 1839 2127 1098

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter14: Limiting Market Power: Antitrust And Regulation

Section: Chapter Questions

Problem 8DQ

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