An analysis of graduates from a local business college was - 11910

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An analysis of graduates from a local business college was performed to determine if there was a relationship between GPA and starting salary of recent graduates. It was believed that a higher GPA would result in a higher starting salary. The analysis of data collected from recent graduates produced the following correlation matrix. 

SalaryGPA

0.902

Business0.9110.851

Which statement is correct regarding the interpretation of the analysis? 

A.   The belief that there is a relationship between GPA and starting salary is incorrect.

B.   GPA is explaining about 50% of the variation.

C.   The belief that there is a relationship between GPA and starting salary is correct.

D.   Nothing can be stated based on this data analysis.

 
Solution Description

An analysis of graduates from a local business college was performed to determine if there was a relationship between GPA and starting salary of recent graduates. It was believed that a higher GPA would result in a higher starting salary. The analysis of data collected from recent graduates produced the following correlation matrix.