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d1i1m1o1n [39]
1 year 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]1 year 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 .

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The inequality that will determine the number of months, x, that are required for the second phone to be less expensive is . The
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<em>Question:</em>

<em>Sal is trying to determine which cell phone and service plan to buy for his mother. The first phone costs $100 and $55 per month for unlimited usage. The second phone costs $150 and $51 per month for unlimited usage. </em>

<em>The inequality that will determine the number of months, x, that are required for the second phone to be less expensive is . </em>

<em>The solution to the inequality is . </em>

<em>Sal’s mother would have to keep the second cell phone plan for at least months in order for it to be less expensive.</em>

Answer:

a. 150 + 51x < 100 + 55x

b. x > 12.5

c. At least 13 months

Step-by-step explanation:

Given

First Phone;

Cost = \$100

Additional = \$55 <em>(monthly)</em>

Second Phone;

Cost = \$150

<em />Additional = \$51<em> (monthly)</em>

<em></em>

Solving (a): The inequality

<em></em>

Represent the number of months with x

The first phone is expressed as:

100 + 55x

The second phone is expressed as:

150 + 51x

For the second to be less expensive that the first, the inequality is:

150 + 51x < 100 + 55x

Solving (b): Inequality Solution

150 + 51x < 100 + 55x

Collect Like Terms

51x-55x

-4x

Solve for x

x > -50/-4

x > 12.5

Solving (c): Interpret the solution in (b)

x > 12.5 implies 13, 14, 15....

Hence, She'll keep the second phone for a period of at least 13 months

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Answer:

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