The chairman of the marketing department at a university undertakes a study to relate starting salary (dependent variable) measured in thousands of dollars to grade point average (GPA) which is the independent variable. He receives the following result:GPAStarting salary3.2633.82.6023.83.3533.52.8630.43.8239.4Calculate the regression line.Test if the independent variable has a significant effect on the dependent variable at u=o.l.Calculate the multiple coefficient of determination and interpret it in words.

In regression we predict the value of dependent variable by using one or more independent variables.…

Answered: The chairman of the marketing…

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The chairman of the marketing department at a university undertakes a study to relate starting salary (dependent variable) measured in thousands of dollars to grade point average (GPA) which is the independent variable. He receives the following result:

Calculate the regression line.
Test if the independent variable has a significant effect on the dependent variable at u=o.l.
Calculate the multiple coefficient of determination and interpret it in words.

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