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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 .

You might be interested in
For which function does f decrease by 15% every time x increases by 1
LenaWriter [7]

Answer:

f(x) = 0.85^{x}

Step-by-step explanation:

The exponential function that decrease by 15% every time x increases by 1 is given by:

f(x) =  {(1 - 0.15)}^{x}

We simplify the parenthesis to get:

f(x) = 0.85^{x}

Therefore the decrease by 15% every time x increases by 1 is

f(x) =  {0.85}^{x}

The second choice is correct.

7 0
2 years ago
It costs $23 per hour plus a flat fee of $16 for a plumber to make a house call. What is the equation of the form y = mx + b for
Ad libitum [116K]
D is the best choice because y would be the total amount of money he would have to pay. X would be the amount of hours he uses the phone and the hourly fee is 23 so it would be 23x. the flat fee was 16 so you just add that on to the hourly fee. The whole equation should be y = 23x + 16
7 0
2 years ago
Read 2 more answers
Find the volume of a right circular cone that has a height of 12.7 m and a base with a circumference of 18.9 m. Round your answe
DochEvi [55]

Step-by-step explanation:

We have,

Height of cone, h = 12.7 m

Circumference of base, C = 18.9 m

The base of a circular cone is circular. The circumference of circle is given by :

C=2\pi r

r is radius

r=\dfrac{C}{2\pi}\\\\r=\dfrac{18.9 }{2\pi}\\\\r=3\ m

The volume of a right circular cone is given by the formula as :

V=\dfrac{1}{3}\pi r^2h

V=\dfrac{1}{3}\times 3.14 \times 3^2\times 12.7\\\\V=119.634\ m^3

7 0
2 years ago
Use complete sentences to describe the transformation that maps ABCD onto its image.
Lapatulllka [165]

General Idea:

When a point or figure on a coordinate plane is moved by sliding it to the right or left or up or down, the movement is called a translation.

Say a point P(x, y) moves up or down ' k ' units, then we can represent that transformation by adding or subtracting respectively 'k' unit to the y-coordinate of the point P.

In the same way if P(x, y) moves right or left ' h ' units, then we can represent that transformation by adding or subtracting respectively 'h' units to the x-coordinate.

P(x, y) becomes P'(x\pm h, y\pm k). We need to use ' + ' sign for 'up' or 'right' translation and use ' - ' sign for ' down' or 'left' translation.

Applying the concept:

The point A of Pre-image is (0, 0). And the point A' of image after translation is (5, 2). We can notice that all the points from the pre-image moves 'UP' 2 units and 'RIGHT' 5 units.

Conclusion:

The transformation that maps ABCD onto its image is translation given by (x + 5, y + 2),

In other words, we can say ABCD is translated 5 units RIGHT and 2 units UP to get to A'B'C'D'.

6 0
2 years ago
A recent study found that 51 children who watched a commercial for Walker Crisps (potato chips) featuring a long-standing sports
hichkok12 [17]

Answer:

1

The claim is that the mean amount of Walker Crisps eaten was significantly higher for the children who watched the sports celebrity- endorsed Walker Crisps commercial

2

The kind of test to use is a t -test because a t -test is used to check if there is a difference between means of a population

3

t  =  3.054

4

The p-value  is   p-value  =  P(Z >  3.054) = 0.0011291

5

The conclusion is  

There is sufficient evidence to conclude that the mean amount of Walker Crisps eaten was significantly higher for the children who watched the sports celebrity- endorsed Walker Crisps commercial

The test statistics is  

Step-by-step explanation:

From the question we are told that

   The first sample size is  n_1  =  51

    The first sample  mean is \mu_1  =  36

    The second sample size is  n_2  =  41

    The second sample  size is  \mu_2  =  25

     The first standard deviation is  \sigma _1  =  21.4 \  g

    The second standard deviation is  \sigma _2  =  12.8 \  g

  The  level of significance is  \alpha =  0.05

The  null hypothesis is  H_o  :  \mu_1 = \mu_ 2

The  alternative hypothesis is  H_a :  \mu_1 > \mu_2

Generally the test statistics is mathematically represented as

    t  =  \frac{\= x_1 - \= x_2}{ \sqrt{ \frac{s_1^2}{n_1}  + \frac{s_2^2}{n_2}  } }

=>   t  =  \frac{ 36 - 25}{ \sqrt{ \frac{ 21.4^2}{51}  + \frac{ 12.8^2}{41}  } }

=> t  =  3.054

The  p-value is mathematically represented as

     p-value  =  P(Z >  3.054)

Generally from the z table  

             P(Z >  3.054) =  0.0011291

=>   p-value  =  P(Z >  3.054) = 0.0011291

From the values obtained  we see that p-value  < \alpha so  the null hypothesis is rejected

Thus the conclusion is  

  There is sufficient evidence to conclude that the mean amount of Walker Crisps eaten was significantly higher for the children who watched the sports celebrity- endorsed Walker Crisps commercial

5 0
2 years ago
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