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Regression for salary data

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See attached data file.

The data for this problem are fictitious, but they are not far off.) For each of the top 25 business schools, the file P11_61.xlsx contains the average salary of a professor. Thus, for Indiana University (number 15 in the rankings), the average salary is $46,000.

Use this information and regression to show that IU is doing a great job with its available resources.

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