What is the correlation coefficient and how strong is it


Discussion Post: Accounting

• Does undergraduate success predict graduate success? While most people complete their bachelor's degree during the daytime while taking multiple classes and not working full-time, those getting an MBA are typically taking one or two courses at a time, in the evening or on weekends, and while working and even supporting a family. Yet one would expect those who perform better in their bachelor's degree will perform better in their master's. Using a significance level of .05, test whether there is a correlation between the BS GPA and the MBA GPA. Also, answer the following:

o What is the correlation coefficient & how strong is it?

o What is the best fit regression equation that can predict the MBA GPA from the BS GPA?

o What percent of the variability in the MBA GPA can be explained by the regression model?

o What would you expect a student's MBA GPA to be if he/she had a 3.50 BS GPA?

• To get an even better model for predicting MBA performance, let's look at many variables. Create a multiple regression model predicting the MBA GPA using the BS GPA, the Hours studied per week, the Gender of the student, whether the student works full-time, and the student's age. Use a .05 significance level. After you create your model, predict the MBA GPA 40-year old student that studies 6 hours per week, works full-time, and had a 3.00 BS GPA.

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

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Accounting Basics: What is the correlation coefficient and how strong is it
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