A Study of the Top 75 MBA Programs Attempted to Predict

Multiple Choice

A study of the top 75 MBA programs attempted to predict the average starting salary (in $1000's) of graduates of the program based on the 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 Salary
Predictor


Interpret the estimated slope of the regression line.

A) For every $\$ 1000$ increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $\$ 1474.94$ .
B) For every $\$ 1000$ increase in the tuition charged by the MBA program, we estimate that the average starting salary will decrease by $\$ 1474.94$ .
C) For every $\$ 1474.94$ increase in the tuition charged by the MBA program, we estimate that the average starting salary will increase by $\$ 18,184.90$ .
D) For every $\$ 1000$ increase in the average starting salary, we estimate that the tuition charged by the MBA program will increase by $\$ 1474.94$ .