Mgt 6203 midterm Study guides, Class notes & Summaries

1. Imagine that ten programmers are sitting on bar stools in a middle-class drinking establishment in Seattle; each of these programmers earns $500,000/year, which makes the mean and the median annual income $500,000. Prof. Happy who has an annual income of $100,000, walks into the bar and sits with the other workers. Now, the mean annual income of the 11 of them will become: A) Higher than $500,000/year B) Remain the same at $500,000/year C) Lower than $500,000/year D) Impossible to comput...

MGT 6203 MIDTERM – SOLUTION KEY PART 2 CODING QUESTIONS WITH ANSWERS.) Please estimate a linear regression model (using the lm function) with Personal as the dependent variable and Room.Board as the independent variable. What are the model’s Rsquared and adjusted R-squared values? a) 0.00549, 0.048 b) 0.0143, 0.022 c) 0.0398, 0.0385 d) 0.0325, 0.0336 Answer: C (Week 1 Lesson 4) library("ISLR") data("College") summary(lm(College$Personal~College$Room.Board)) ## ## Call: ## lm(formula = Co...