The registrar at State University believes that decreases in the number of freshman applications that have been
Question:
a. Develop a linear regression model for these data and forecast the number of applications for State University if tuition increases to $10,000 per year and if tuition is lowered to $7000 per year.
b. Determine the strength of the linear relationship between freshman applications and tuition using correlation.
c. Describe the various planning decisions for State University that would be affected by the forecast for freshmanapplications.
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Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor
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