The University MBA program uses the candidates' GMAT scores to predict the candidate's future performance, which is
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Question:
GPA=0.037+0.0055*GMAT.
Q1: please explain the meaning of the two coefficients: 0.037 and 0.0055.
Q2: Suppose in the historical data, the range of the GMAT scores is [368, 665]. If an applicant's GMAT score=500, how can you use the regression model to predict the applicant's GPA in the future? What if the applicant's GMAT score is 300?
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