Measure effect of major and gpa on salaries of graduates

Reference no: EM131809186

Question: It is generally believed that a practical major such as business or engineering can really pay off for college graduates (CNN Money.com , July 22 , 2010). Other studies have shown that it is not just the major but also h o w students perform, as measured by their GPA, that influences their salaries. Henry Chen, an employee of PayScale.com, w ants to measure the effect of major and GPA on starting salaries of graduates of the University of California at Irvine. He samples starting salaries of five graduates for a given GPA ran g e from the schools of business, engineering, a n d social sciences. The sample data are shown in the following table; the data can also be found on the text website labeled ANO VA-Salaries.

a. At the 5% significance level, is there interaction between major and GPA?

b. At the 5% significance level, can you conclude that starting salary differs between majors?

c. At the 5% significance level, can you conclude that starting salary depends on GPA?

Reference no: EM131809186

Questions Cloud

Calculate the amount of interest cecil : For each of the following independent scenarios, calculate the amount of interest Cecil will include in his gross income assuming he files as a single taxpayer.

Develop a choice table for interest rates : Place a monetary value on each advantage or disadvantage. Develop a choice table for interest rates between 0% and 25%.

What are values and ethics : What are values and ethics? Where or how are they formed? Can leaders influence the values and ethics of their followers?

Determine danny and mary taxable income : Value of premiums for $50,000 of group term life insurance provided by employer - $500. Determine Danny and Mary's taxable income

Measure effect of major and gpa on salaries of graduates : It is generally believed that a practical major such as business or engineering can really pay off for college graduates (CNN Money.com , July 22 , 2010).

Why inventory so easy to inflate without auditor detection : Why, from your perspective, is inventory so easy to inflate without auditor detection? Why do you think Mickey Monus got away with his scheme for so long?

Evaluates the root cause for medicare fraud : List each of the Five Whys and your response.Speculate as to why Mr. Emeigh participated in the scheme.Explain what you might have done to prevent this.

What is the effective annual interest rate : If the installment plan is chosen, what is the effective annual interest rate being paid on the "loan"? (Answer: 53.7%)

Acquired a project from client to market their new product : You have recently acquired a project from a client to market their new product.

User Account

All Pages