Question: In Problem 13.6 on page 437, a prospective MBA student wanted to predict starting salary upon graduation, based on program per-year tuition (stored in FTMBA

In Problem 13.6 on page 437, a prospective MBA student wanted to predict starting salary upon graduation, based on program per-year tuition (stored in FTMBA ). Using the results of that problem,

a. determine the coefficient of determination, r2, and interpret its meaning.

b. determine the standard error of the estimate.

c. How useful do you think this regression model is for predicting starting salary?

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