The following is the graph output of running a linear regression model using program per-year tuition as a predictor of mean starting salary upon graduation. Data were collected for 37 full-time MBA programs offered at private universities. Answer the following questions: epFitted line, 95% CI. for mean, 95% PI. for new Mean Starting Salary Upon Graduation (S) 180000- 160000- 140000 120000 100000 80000 60000 40000- 20000 20000 70000 40000 Program Per-Year Tuition (S) 30000 50000 60000 i) Find approximate program per-year tuition of these 37 full-time MBA programs. x = $ (enter an integer) i) Find a predicted value of mean starting salary upon graduation if the program per-year tuition is $50,000. y =s (enter an integer) iii) Find an estimated value of eroo standard deviation for this model. s =$ (enter an integer) iv) Find the 95% prediction interval for the mean starting salary upon graduation of a program with $40,000 program per-year tuition. 95% confidence interval ($. $) (enter an integers)

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.FOM: Focus On Modeling: Fitting Lines To Data
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The following is the graph output of running a linear regression model using program per-year tuition as a predictor of mean starting salary upon graduation. Data were collected for 37 full-time MBA programs offered at private universities. Answer the following questions:
Fitted line,
Mean Starting Salary Upon Graduation ($)
95% C.I. for mean,
95% P.I. for new
180000
160000
140000-
120000
100000
80000
60000
40000
20000-
0-
20000
30000
70000
40000
Program Per-Year Tuition ($)
50000
60000
i) Find approximate program per-year tuition of these 37 full-time MBA programs.
x = $ (enter an integer)
ii) Find a predicted value of mean starting salary upon graduation if the program per-year tuition is $50,000.
= $ (enter an integer)
iii) Find an estimated value of eroo standard deviation for this model.
s =$
(enter an integer)
iv) Find the 95% prediction interval for the mean starting salary upon graduation of a program with $40,000 program per-year tuition.
95% confidence interval ($, $) (enter an integers)
Transcribed Image Text:The following is the graph output of running a linear regression model using program per-year tuition as a predictor of mean starting salary upon graduation. Data were collected for 37 full-time MBA programs offered at private universities. Answer the following questions: Fitted line, Mean Starting Salary Upon Graduation ($) 95% C.I. for mean, 95% P.I. for new 180000 160000 140000- 120000 100000 80000 60000 40000 20000- 0- 20000 30000 70000 40000 Program Per-Year Tuition ($) 50000 60000 i) Find approximate program per-year tuition of these 37 full-time MBA programs. x = $ (enter an integer) ii) Find a predicted value of mean starting salary upon graduation if the program per-year tuition is $50,000. = $ (enter an integer) iii) Find an estimated value of eroo standard deviation for this model. s =$ (enter an integer) iv) Find the 95% prediction interval for the mean starting salary upon graduation of a program with $40,000 program per-year tuition. 95% confidence interval ($, $) (enter an integers)
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