Question: could you solve each step on how to using excel to find the regression EF G H K 4-21 The following data give the starting

could you solve each step on how to using excel to find the regression
could you solve each step on how to using excel
EF G H K 4-21 The following data give the starting salary for students who recently graduated from a local university and accepted jobs soon after graduation. The starting salary, grade-point average (GPA), and major (business or other) are provided. 6 7 SALARY $29,500 $46,000 $39,800 $36,500 $42,000 $31,500 $36,200 8 GPA 3.1 3.5 3.8 2.9 3.4 2.1 2.5 9 Major Other Business Business Other Business Other Business 10 11 SUMMARY OUTPUT 12 a. Using a computer, develop a regression model that could be used to predict starting salary based on GPA and major. 13 Salary 14 b. Use this model to predict the starting salary for a business major with a GPA of 3.0. 15 Salary 16 c. What does the model say about the starting salary for a business major compared to a nonbusiness major? 17 Salary of the business major which is high when to no business major as the predicted value shows : 18 d. Do you believe this model is useful in predicting the starting salary? Justify your answer, using information provided in the computer output. 19 20 21 22 23 24 25 26 27 28 29 30 31 32

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