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The director of graduate studies at a large college of business has the objective of predicting the grade point average (GPA) of students in an MBA program. The director begins by using the Graduate Management Admission Test (GMAT) score. A sample of 20 students who have completed two years in the program is selected and stored in GPIGMAT.
Determine the coefficient of determination, , and interpret its meaning in this problem.
Solution
VerifiedAnswered 8 months ago
Answered 8 months ago
Step 1
1 of 4d.
Let the independent and dependent variables, and , be defined as follows
- is the Graduate Management Admission Test (GMAT) score
- is the grade point average (GPA).
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