Solution-Are private schools more expensive than public

Are private schools more expensive than public schools when

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Reference no: EM13580552

A sample of nine public universities and nine private universities was taken. The total cost for the year (including room and board) and the median SAT score (maximum total is 2400) at each school were recorded. It was felt that schools with higher median SAT scores would have a better reputation and would charge more tuition as a result of that. The data is in the table below. Use regression to help answer the following questions based on this sample data. Do schools with higher SAT scores charge more in tuition and fees? Are private schools more expensive than public schools when SAT scores are taken into consideration? Discuss how accurate you believe these results are using information related the regression models.

CATEGORY	TOTAL COST ($)	MEDIAN SAT
Public	21,700	1990
Public	15,600	1620
Public	16,900	1810
Public	15,400	1540
Public	23,100	1540
Public	21,400	1600
Public	16,500	1560
Public	23,500	1890
Public	20,200	1620
Private	30,400	1630
Private	41,500	1840
Private	36,100	1980
Private	42,100	1930
Private	27,100	2130
Private	34,800	2010
Private	32,100	1590
Private	31,800	1720
Private	32,100	1770

Reference no: EM13580552

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Are private schools more expensive than public schools when

Reference no: EM13580552

Reference no: EM13580552

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