a prospective MBA student wanted to predict starting salary upon graduation, based onprogram per-year tuition (stored in FTMBA). Using the results of that problem,School12345678910111213141516171819202122232425262728293031323334353637Tuition peryear (5)63675675166654067938664626654066390687926420063200665886158461440570005505055400554745190053000503264600047340498004597637996476004686049959382503332843290418044940033996230204149039100AverageGMAT score729730726724728737717720725695710700606683692688691690683667682621642641651632623622558567498482486545Acceptance Graduates employed at Average starting salarygraduation (1)and bonus (5)Rate (5)10.719.623.611.720.16.022.414.119.022.123.127.630.333.144.629.733.345.526.641.033.638.237.138.640.056.354.963.164.358.555.752.082.933.790.259.394.585.884.981.282.862.886.877.376.083.182.179.876.084.078.575.280.375.275.778.675.365.760.763.656.568.453.660.094.918.963.626.754.261.835.742.61538301550581474751435651416941535531489971502291359881447991454131462521402891388641244171158301269321295871318291227911135151092671111651083478024980249101799764558612373646758795219064891102156559188000053848a. determine the coefficient of determination, r, and interpret its meaning.b. determine the standard error of the estimate.c. How useful do you think this regression model is for predicting starting salary?

As the data is big enough we can use Excel for this problem. To answer these questions, we need to…

Answered: a. determine the coefficient of…

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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In this section, we introduced a descriptive measure of the utility of the regression equation for making predictions. a. Identify the term and symbol for that descriptive measure. b. Provide an interpretation.
The correct answer is option C but I do not know how to find the number that go inside it.

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a. determine the coefficient of determination, r², and interpret its meaning. b. determine the standard error of the estimate. c. How useful do you think this regression model is for predicting starting salary?