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Does undergraduate success predict graduate success? While most people complete their bachelor's degree during the daytime while taking multiple classes and not working full-time, those getting an MBA are typically taking one or two courses at a time, in the evening or on weekends, and while working and even supporting a family. Yet one would expect those who perform better in their bachelor's degree will perform better in their master's. Using a significance level of .05, test whether there is a correlation between the BS GPA and the MBA GPA. Also, answer the following:
a) What is the correlation coefficient & how strong is it?
b) What is the best fit regression equation that can predict the MBA GPA from the BS GPA?
c) What percent of the variability in the MBA GPA can be explained by the regression model?
d) What would you expect a student's MBA GPA to be if he/she had a 3.50 BS GPA?
In an effort to estimate the mean amount spent per household per month in a small Canadian town, data were collected for a sample of 50 households. The sample showed an average amount of $2000 and a standard deviation of $500.
You plan to start saving for your son's college education.- If an annual deposit of $1,484 will allow you to reach your goal, how old is your son now?
We have a box of 12 light bulbs. The probability that a particular light bulbs lights on opening is 0.95. This meets the binomial assumptions. Find the probability that 9 light bulbs light up.
Assuming that 6 in 10 automobile accidents are due mainly to a speed violation; find the probability that among 8 automobile accidents 6 will be due mainly to a speed violation
The possibility of terrorists using biological weapons on the citizens of the United States has been a major topic in the press for the last several years. Smallpox has been speculated to be the perfect biological terror agent because of the poten..
This problem related to Basic Statistics and it is about a study on the average wages of a fast food restaurant worker. The problem is about picking up a random worker whose salary is above the average wage
a coin is tossed 7 times. let a be the event that the first toss is heads. let b be the event that the fifth toss is
Normal distribution with average 500 and SD 100. A college wants their students to be in the top 12.5% for verbal aptitude. What minimum qualifying score should they set?
the one-sample t statistic from a sample of n 15 observations for the two-sided test ofh0 u 64ha u64has the value t
professor fair believes extra time does not improve grades on exams. he randomly divided a group of 300 students into
an urn contains 8 red and 12 white balls. draw one ball at random from the urn. let x 1 if a red ball is drawn and x
Does the sample show sufficient reason to conclude that the population standard deviation is not equal to 8 at the 0.05 level of significance?
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