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d1i1m1o1n [39]
2 years ago
11

Each year a nationally recognized publication conducts its 'Survey of America's Best Graduate and Professional Schools.' An acad

emic advisor wants to predict the typical starting salary of a graduate at a top business school using GMAT score of the school as a predictor variable. Total GMAT scores range from 200 to 800. A simple linear regression of SALARY versus GMAT using 25 data points yields the regression equation given below. y = 228x - 92,040 Give an interpretation of the y-intercept. The value has no practical interpretation since a GMAT of 0 is nonsensical and outside the range of the sample data. We estimate the base SALARY of graduates of a top business school to be $-92,040. We estimate SALARY to decrease $92,040 for every 1-point increase in GMAT. We expect to predict SALARY to within 2(92040) = $184,080 of its true value using GMAT in a straight-line model.
Mathematics
1 answer:
Lady_Fox [76]2 years ago
3 0

Answer:

The correct answer is the value has no practical interpretation since a GMAT of 0 is nonsensical and outside the range of the sample data.

Step-by-step explanation:

Solution

Given that:

We define Define Y : dependent variable ( Starting salary of a graduate at a top business school )

Thus,

X : independent variable ( GMAT score )

So,

The Required linear regression equation is stated below:

y = 228 x - 92,040

Here,

The y intercept is = - 92040

The Interpretation of the y - intercept  is defined as:

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

You might be interested in
A rectangular area is formed having a perimeter of 40 cm. Determine the length and breadth of the rectangle if it is to enclose
Vilka [71]

Let x and y be the dimensions of the rectangle. If the perimeter is 40, we have

2(x+y)=40 \iff x+y=20

We can expression one variable in terms of the others as

x+y=20 \iff x=20-y

Since the area is the product of the dimensions, we have

xy=(20-y)y=-y^2+20y

This is a parabola facing down, so it's vertex is the maximum:

f(y)=-y^2+20y \implies f'(y)=-2y+20

So, the maximum is

f'(y)=0 \iff -2y+20=0 \iff 2y=20 \iff y=10

And since we know that x+y=20, we have x=10 as well.

This is actually a well known theorem: out of all the rectangles with given perimeter, the one with the greatest area is the square.

5 0
2 years ago
Juana compró una camioneta 4x4 a S/ 42 000; además, sabe que la camioneta se depreciará (bajará su precio) en forma lineal duran
prohojiy [21]

Answer:

Una relación lineal es de la forma:

y = a*x + b.

donde a es la pendiente y b es la ordenada al origen.

en este caso, y es el precio de la camioneta, x es el numero de años que pasaron, a es la razon de depreciación de la camioneta y b es el precio inicial de la camioneta, b = $42,000.

Sabemos que después de 5 años, el precio de la camioneta es 21,000, entonces podemos resolver:

$21,000 = a*5 + $42,000

a*5 = $21,000 - $42,000 = -$21,000

a = -$21,000/5 = -$4,200

Esto significa que el precio decae $4,200 por año

4 0
2 years ago
Arnav was 1.5 m tall. In the last couple of years, his height has increased by 20% percent.
BlackZzzverrR [31]

Answer: Arnav is 1.8m

Step-by-step explanation: I multiplied 1.5 by 0.20 and then added that answer to 1.5 and then I got 1.8

:D

5 0
2 years ago
Read 2 more answers
It is known that a cable with a​ cross-sectional area of 0.300.30 sq in. has a capacity to hold 2500 lb. If the capacity of the
vesna_86 [32]

Answer:

0.84 square in

Step-by-step explanation:

Since the capacity of the cable is proportional to its​ cross-sectional area. If a cable that is 0.3 sq in can hold 2500 lb then per square inch it can hold

2500 / 0.3 = 8333.33 lb/in

To old 7000 lb it the cross-sectional area would need to be

7000 / 8333.33 = 0.84 square in

5 0
2 years ago
Read 2 more answers
A while back, either James borrowed $12 from his friend Rita or she borrowed $12 from him, but he can’t quite remember which. Ei
Tamiku [17]

Answer:

First option is correct.

Step-by-step explanation:

Let amounts of money James may have after he sees Rita be x.

It is given that either James borrowed $12 from his friend Rita or she borrowed $12 from him.

So meeting Rita second time either he will $12 or he will receive $12.

The amounts of money James may have after second meeting with Rita is:

Case 1: If he pays $12.

x=42.80-12             .... (1)

Case 1: If he receives $12.

x=42.80+12           .... (2)

On combining equation (1) and (2), we get

x=42.80\pm 12

Subtract 42.80 from both sides.

x-42.80=\pm 12

It can be written as

|x-42.80|=12

Therefore first option is correct.

4 0
2 years ago
Read 2 more answers
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