A study of the top 75 MBA programs attempted to predict the average starting salary (in $1000's) of graduates of the program based on the amount of tuition (in $1000's) charged by the program. The results of a simple linear regression analysis are shown below: Least Squares Linear Regression of Salary
R-Squared Resid. Mean Square (MSE)
Adjusted R-Squared Standard Deviation
Fill in the blank. At ? = 0.05, there is _________________ between the amount of tuition charged by an MBA program and the average starting salary of graduates of the program.
A) …insufficient evidence of a positive linear relationship…
B) …sufficient evidence of a positive linear relationship…
C) …sufficient evidence of a negative linear relationship…
Correct Answer:
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