# Question

A business school dean wanted to assess the importance of factors that might help in predicting success in law school. For a random sample of 50 students, data were obtained when students graduated from law school, and the following model was fitted:

y = α + β1x1 + β2x2 + β3x3 + ε

where

y = score reflecting overall performance while in law school

x1 = undergraduate grade point average

x2 = score on GMAT

x3 = dummy variable taking the value 1 if a student’s letters of recommendation are unusually strong and 0 otherwise

Use the portion of the computer output from the estimated regression shown here to write a report summarizing the findings of this study.

y = α + β1x1 + β2x2 + β3x3 + ε

where

y = score reflecting overall performance while in law school

x1 = undergraduate grade point average

x2 = score on GMAT

x3 = dummy variable taking the value 1 if a student’s letters of recommendation are unusually strong and 0 otherwise

Use the portion of the computer output from the estimated regression shown here to write a report summarizing the findings of this study.

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