Follow up question: Is there evidence to support the argument that the school\'s

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Follow up question: Is there evidence to support the argument that the school's that charge higher tuition are "better" because their graduates have higher average starting salaries?

School Enrollment Tuition ($) GMAT JobOffer% Salary ($) Dartmouth College 503 38400 704 119800 U. of Michigan 1873 33076 690 91 105986 Carnegie Mellon U. 661 38800 691 93 95531 Northwestern U. 2650 38844 700 94 117060 Yale U. 468 36800 696 86 104018 U. of Pennsylvania 1840 40458 716 92 117471 U. of Cal., Berkeley 1281 21512 701 92 112699 Columbia U. 1796 38290 709 95 126319 U. of N. Carolina 855 16375 652 86 92565 U. of Southern Cal. 1588 37558 685 82 88839 Firefox File Edit View History Bookmarks Tools Window Help Take a Test irefox Tests https://www.mathxl.com/Student/PlayerTest.aspx?testId=121296061&centerwin;=yes ch 2/26/16 4:40 PM Quiz: Excel Assignment Quiz Overview Cl This Question: 2 pts This Test: 22 pts 5 of 8 complete Report and interpret the r for this regression. r2 =round to two decimal places) This value indicates M A U to | 33% of the variation in tuition is explained by variation in average starting salary 0 B. 11% of the variation in tuition is explained by variation in average starting salary ° C. 33% of the variation in average starting salary is explained by variation in tuition. OD, 11% of the variation in average starting salary is explained by variation in tuition. More Click to select your answer(s) Previous Question Next Question Submit Quiz 13 FEB

Explanation / Answer

1) R-Square= 0.11

2) Option: B 11% variation in the tution is explained by variation in average stating salary

SUMMARY OUTPUT Regression Statistics Multiple R 0.330326 R Square 0.109115 Adjusted R Square -0.00225 Standard Error 12704.8 Observations 10

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