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Chapter 12: Q. 61 (page 721)

61. Does the higher cost of tuition translate into higher-paying jobs? The table lists the top ten colleges based on mid-career salary and the associated yearly tuition costs. Construct a scatter plot of the data.

School
Mid-Career Salary( in thousands)
Yearly Tuition
Princeton
137
28,540
Harvey Mudd
135
40,133
CalTech
127
39,900
US Naval Academy
122
0
West Point
120
0
MIT
118
42,050
Lehigh University
118
43,220
NYU-Poly
117
39,565
Babson College
117
40,400
Stanford
114
54,506

Short Answer

Expert verified

A scatter plot of the data as,

Step by step solution

01

Given information

The top ten colleges based on mid-career salary and the associated yearly tuition costs. Here, the school Princeton with mid-career salary of 137 thousand and includes a yearly tuition of 28,540.

02

Explanation

The "yearly tuition costs" as an independent variable are plotted on the X-axis and "mid-career salary" as a dependent variable on the Y-axis.
1. Enter data as shown below:

Mid-Career Salary( in thousands)

Yearly Tuition

137
28540
135
40133
127
39900
122
0
120
0
118
42050
118
43220
117
39565
117
40400
114
54506
03

Scatter Plot 

Based on the above scatter plot, it could be figured that there is no linear relationship between the 'tuition cost' and 'salary,' which implies that the higher cost of tuition accomplishes not translate into higher-paying jobs.

And the scatter plot of the data as,

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