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1) Using a computer, develop a regression model that could be used to predict starting salary based on GPA and major. 2) Use this model to predict the starting salary for a business major with GPA of 3.0. 3) What does the model say about the starting salary for a business major compared to a non-business major?

1) Using a computer, develop a regression model that could be used to predict starting salary based on GPA and major. 2) Use this model to predict the starting salary for a business major with GPA of 3.0. 3) What does the model say about the starting salary for a business major compared to a non-business major?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Questions: 1) Using a computer, develop a regression model that could be used to predict starting salary based on GPA and major. 2) Use this model to predict the starting salary for a business major with GPA of 3.0. 3) What does the model say about the starting salary for a business major compared to a non-business major? 4) þo you believe this model is useful in predicting the starting salary? Justify your answer, using information provided in the computer output.
Transcribed Image Text:Questions: 1) Using a computer, develop a regression model that could be used to predict starting salary based on GPA and major. 2) Use this model to predict the starting salary for a business major with GPA of 3.0. 3) What does the model say about the starting salary for a business major compared to a non-business major? 4) þo you believe this model is useful in predicting the starting salary? Justify your answer, using information provided in the computer output.
The following data give the starting salary for students who recently graduated from a local university and accepted jobs soon after graduation. The starting salary, grade-point average (GPA), and major (business or other) are provided below: SALARY $29,500 $46,000 $39,800 | $36,500 $42,000 $31,500 $36,200 GPA 3.1 3.5 3.8 2.9 3.4 2.1 2.5 Major Other Busines Business Other Business Other Business Questions: 1) Using a computer, develop a regression model that could be used to predict starting salary based on GPA and major. 2) Use this model to predict the starting salary for a business major with GPA of 3.0. 3) What does the model say about the starting salary for a business major compared to a non-business major?
Transcribed Image Text:The following data give the starting salary for students who recently graduated from a local university and accepted jobs soon after graduation. The starting salary, grade-point average (GPA), and major (business or other) are provided below: SALARY $29,500 $46,000 $39,800 | $36,500 $42,000 $31,500 $36,200 GPA 3.1 3.5 3.8 2.9 3.4 2.1 2.5 Major Other Busines Business Other Business Other Business Questions: 1) Using a computer, develop a regression model that could be used to predict starting salary based on GPA and major. 2) Use this model to predict the starting salary for a business major with GPA of 3.0. 3) What does the model say about the starting salary for a business major compared to a non-business major?
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