4. The following regression is fitted using variables identified that could be related to tuition charges ($) of a university. TUITION = a+ ẞ ACCEPT + y MSAT + AVSAT Where ACCEPT = the percentage of applicants that was accepted by the university, MSAT = Median Math SAT score for the freshman class and VSAT = Median English SAT score for the freshman class. The data was processed using MNITAB and the following is an extract of the output obtained: Predictor Coef StDev T P Constant -26780 6115 -4.38 0.000 ACCEPT 116.00 37.17 0.003 MSAT -4.21 14.12 -0.30 0.767 VSAT 70.85 15.77 4.49 ** S = 2685 R-Sq = 69.6% Analysis of Variance R-Sq (adj) = 67.7% Source DF SS MS F Regression 3 808139371 Residual Error 49 353193051 269379790 7208021 37.37 P 0.000 Total 52 1161332421 a) Write out the regression equation. b) State the dependent and independent variable(s) c) Fill in the blanks identified by *** and ****. d) Is ẞ significant, at the 10% level of significance? e) State one limitation of using the regression equation for predicting the value of the GPA score.

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Author:Amos Gilat
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4. The following regression is fitted using variables identified that could be related to tuition
charges ($) of a university.
TUITION = a+ B ACCEPT + y MSAT + 1 VSAT
Where ACCEPT = the percentage of applicants that was accepted by the university, MSAT =
Median Math SAT score for the freshman class and VSAT = Median English SAT score for the
freshman class.
The data was processed using MNITAB and the following is an extract of the output obtained:
Predictor
Coef
StDev
T
P
Constant
-26780
6115
-4.38
0.000
ACCEPT
116.00
37.17
*
0.003
MSAT
-4.21
14.12
VSAT
70.85
15.77
-0.30
4.49
0.767
**
S = 2685
R-Sq = 69.6%
Analysis of Variance
R-Sq (adj) = 67.7%
Source
DF
SS
MS
F
P
Regression
3
808139371
Residual Error
49
353193051
269379790
7208021
37.37
0.000
Total
52
1161332421
a) Write out the regression equation.
b) State the dependent and independent variable(s)
c) Fill in the blanks identified by ** and ****.
d) Is B significant, at the 10% level of significance?
e) State one limitation of using the regression equation for predicting the value of the GPA
Score.
T
Q Search
45
&
4+
*
7
8
hp
144
6
no
-11
444
0
O
P
Transcribed Image Text:4. The following regression is fitted using variables identified that could be related to tuition charges ($) of a university. TUITION = a+ B ACCEPT + y MSAT + 1 VSAT Where ACCEPT = the percentage of applicants that was accepted by the university, MSAT = Median Math SAT score for the freshman class and VSAT = Median English SAT score for the freshman class. The data was processed using MNITAB and the following is an extract of the output obtained: Predictor Coef StDev T P Constant -26780 6115 -4.38 0.000 ACCEPT 116.00 37.17 * 0.003 MSAT -4.21 14.12 VSAT 70.85 15.77 -0.30 4.49 0.767 ** S = 2685 R-Sq = 69.6% Analysis of Variance R-Sq (adj) = 67.7% Source DF SS MS F P Regression 3 808139371 Residual Error 49 353193051 269379790 7208021 37.37 0.000 Total 52 1161332421 a) Write out the regression equation. b) State the dependent and independent variable(s) c) Fill in the blanks identified by ** and ****. d) Is B significant, at the 10% level of significance? e) State one limitation of using the regression equation for predicting the value of the GPA Score. T Q Search 45 & 4+ * 7 8 hp 144 6 no -11 444 0 O P
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