Solve the problem.A study of the top 75 MBA programs attempted to predict the average starting salary (in $1000's) of graduates of the program based onthe amount of tuition (in $1000's) charged by the program. The results of a simple linear regression analysis are shown below:Least Squares Linear Regression of SalaryPredictorVariables Coefficient Std Error TPConstant 18.1849 10.3336 1.76 0.0826Size 1.47494 0.14017 10.52 0.0000R-Squared 0.6027 Resid. Mean Square (MSE) 532.986Adjusted R-Squared 0.5972 Standard Deviation 23.0865Interpret the estimated slope of the regression line.O For every $1474.94 increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $18,184.90.O For every $1000 increase in the average starting salary, we estimate that the tuition charged by the MBA program will increase by $1474.94.O For every $1000 increase in the tuition charged by the MBA program, we estimate that the average starting salary will decrease by $1474.94.O For every $1000 increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $1474.94.

Answered: Image /qna-images/answer/153ab13a-a1a3-41af-b7c7-caf348f3a3f1.jpg

Answered: Interpret the estimated slope of the…

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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