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Mathematics, 08.02.2021 18:50, elliekuprisek2122
Is there a relationship between the starting salaries of college graduates and the type of school that they attended? This Excel file Median Starting Salaries has the median starting salaries of recent graduates of 249 colleges/universities. Each school is also classified as one of 5 types: Liberal Arts, Engineering, Party, Ivy League, State. Note that schools that fall into more than 1 category are classified by their perceived predominant characteristic. For example, NCSU has a College of Engineering but since it has a wide array of other strong disciplines, it is categorized as a State school. The Colorado School of Mines is a state school but it is categorized as an Engineering school. Perform a multiple regression with median starting salary as the response (y) variable and indicator variables for State, Party, Ivy League, and Engineering as the explanatory (x) variables. Note that Liberal Arts is the "base" level; that is, when all the indicator variables are 0, the predicted y value is the median starting salary for recent graduates of liberal arts schools. Use the results of the multiple regression to answer the questions below. How does the median starting salary of a State school graduate compare to the median starting salary of a Liberal Arts school graduate? Answer choices are rounded to the nearest dollar. a. $47,717 moreb. $1,902 less c. $100 mored. $13,243 lesse. $43,913 moref. $100 lessg. $1,902 moreh. $14,660 more
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