3 Pursuing an MBA is a major personal investment. Tuition and expenses associated with business school programs are costly. but thehigh costs come with hopes of career advancement and high salaries A prospective MBA student would like to examine the factorsthat impact starting salary upon graduation and decides to develop a model that uses program per-year tuition as a predictor ofstarting salary Data were collected for 37 ful-time MBA programs offered at private universities. The data are stored in theaccompanying table Complete parts (a) through (e) belowE Click the icon to view the, data on program per-year tuition and mean starting salarya. Construct a scatter plot. Choose the correct graph belowOB.OD.A.200.000B0.00020.000200,000200000Saeg Say200 000Stas ryTuinanb. Assuming a linear relationship. use the least-squares method to determine the regression coefficients b, and b,Do =(Round the value of b. to the nearest integer as needed. Round the value of b, to wo decimal piaces as needed )c. Interpret the meaning of the slope, b,, in this problem. Select the correct choice below and fill in the answer box to completeyour choice(Round to the nearest dollar as needed.)OA. For each increase in tuition of $100, the mean starting salary upon graduation is expected to increase byO B. The approximate tuition when the mean starting salary is $0 is sOC. The approximate starting salary upon graduation when the tuition is s0 is sO D. For each increase in starting salary upon graduation of $100, the mean tuition is expected to increase by Sd. Predict the mean starting salary upon graduation for a program that has a per-year tuition cost of $53.934The predicted mean starting salary will be Se. What insights can be obtained about the relationship between program per-year tuition and starting salary upon graduation?O A. Mean starting salaries upon graduation tend to be lower among programs with higher per-year tuitionsOB. Having a higher mean starting salary upon graduation results in a higher program per-year tuitionO C. Mean starting salaries upon graduation tend to be higher among programs with higher per-year tuitions.OD. Having a higher mean starting salary upon graduation results in a lower program per-year tuitionO E. There is no relationship between program per-year tuition and mean starting salary upon graduationtion ( y.nge idProgram Per-YearTuition ($)64,34567,48367,83566,691JILIUI UIMean Starting SalaryUpon Graduation (S) O156,028153,277147,494146,213140,118155,756146,987150,245134,186147.545147,111148.888138,628138,913127,008118,560127 482132.470theapp67,81766,35664,95669,65764,58562,00266.58061.61660 18157.88154.63154,19454,89252.056eacie med nhe nuation?ightsan st24,89252,056132,470132,638125,361116,360106.947the52,97649,46845.70846,60948,67746,74436,67247.84846,23249 15337.52833,05242.01341.39348.51032.57023.02440.43139.395110.633106.45478.45878,631103.97273.98586.39475,66574.18349.65466.539104 44757 64180 454,55 295uation?

Question

Accepted Answer

The independent variable is Program Per-Year Tuition.
The dependent variable s Mean Starting Salary…