Question: The following data give the starting salary for students who recently graduated from a local university and accepted jobs soon after graduation. The starting salary, grade-point average (GPA) and major (business or other) are provided.

A. Using a ExcelQM, develop a regression model that could be used to predict starting salary based on GPA and major

B. Use this model to predict the starting salary for a business major with a GPA of 3.0

C. What does the model say about the starting salary for a business major compared to a non-business major?

D. Do you believe this model is useful in predicting starting salary? Justify your answer using data from the output.