The table contains a subset of data published by the American Institutes for Research in 2013. These data specify the graduation rate of five different U.S. colleges and the instructional expenditure per student at each of the colleges. Use these data to answer the questions. (a) Generate the regression equation for predicting graduation rates from the expenditure per student. (b) Using the regression equation, predict the graduation rate for a school that spends $6800 per student. (c) Use the regression equation to determine how much a school would need to spend to obtain a 100% graduation rate. Table: Graduation Rate and Expenditure per Student College Expenditure/Student Graduation Rate  Alaska University  10,540 46.2 Arizona State University  8836 57.5 California State University  6527 54.0 Connecticut College  17734 83.5 Pomona College  28418

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The table contains a subset of data published by the American Institutes for Research in 2013. These data specify the graduation rate of five different U.S. colleges and the instructional expenditure per student at each of the colleges. Use these data to answer the questions. (a) Generate the regression equation for predicting graduation rates from the expenditure per student. (b) Using the regression equation, predict the graduation rate for a school that spends $6800 per student. (c) Use the regression equation to determine how much a school would need to spend to obtain a 100% graduation rate.
Table: Graduation Rate and Expenditure per Student

College Expenditure/Student Graduation Rate 
Alaska University  10,540 46.2
Arizona State University  8836 57.5
California State University  6527 54.0
Connecticut College  17734 83.5
Pomona College  28418 95.3

 

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