Question: Each year, the Wall Street Journal and Harris Interactive track the opinions and experiences of college recruiters for large corporations and summarize the results in
Each year, the Wall Street Journal and Harris Interactive track the opinions and experiences of college recruiters for large corporations and summarize the results in the Business School Survey. One of these surveys included rankings of 76 business schools. Survey data for the top 10 business schools are given in the table above. All the data are saved in the file.
a. Select one of the variables as the dependent variable, y, and another as the independent variable, x. Use your knowledge of the subject area and common sense to help you select the variables.
b. Fit the simple linear model, E(y) = β0 + β1x, to the data for all 76 business schools. Interpret the estimates of the slope and y-intercept.
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Avg Salary Enrollment Annual Tuition % with Job Offer School (8 full-time students) Mean GMAT 119,800 105,986 95,531 117060 104,018 117471 112,699 126.319 92.565 8883 Dartmouth Michigan Carnegie Mellon Northwestern 38.400 33.076 704 690 691 1873 91 661 468 281 855 38,844 36,800 40.458 21.512 38290 16.375 37558 Pennsylvania Cal. Berkeloy Columbia North Carolina Southern Cal. 716 701 709
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a b We will select Average Salary as the dependent variable and Mean GMA... View full answer
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