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<body lang=3DEN-US link=3Dblue vlink=3Dpurple style=3D'tab-interval:.5in'>

<div class=3DSection1>

<p class=3DMsoNormal><span style=3D'font-size:18.0pt;line-height:115%'>3-DO=
C_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAWSUIT_DIVERSITY_AUDIT.doc<o=
:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>EMBA=
 SALARY FORECAST-EEOC
LABOR &amp; EMPLOYMENT DIVERSITY COMPLIANCE, CLASS ACTION LAWSUIT AUDIT &#8=
211;
MULITIVARIATE UNIVARIATE LINEAR &amp; POLYNOMIAL REGRESSION FORECASTS OF MB=
A&#8217;S
SALARIES AS A FUNCTION OF BUSINESS SCHOOL RATINGS AND DIVERSITY.<o:p></o:p>=
</span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Abst=
ract<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>This=
 study
develops several diversity promoting MBA salary forecasting models.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This is a model for EMBA (Executiv=
e Masters
in Business Administration), or MBA for short, salary forecast.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>We focus on one facet which is the=
 EEOC (Equal
Employment Opportunity Commission) labor &amp; employment diversity complia=
nce.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Or in a worst case scenario, in th=
e case
of incompliance and a resulting class action lawsuit we provide a forensic =
audit
tool that will help to correctly assess the litigation value for all the
involved parties.<span style=3D'mso-spacerun:yes'>&nbsp; </span>This is sev=
eral
models including but not limited to the least square regression multivariate
univariate linear &amp; polynomial forecasts of business schools ranking &a=
mp;
MBA&#8217;S salaries and diversity.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>Our measure of diversity includes variables such as women students a=
nd
international faculty in the MBA programs of the employees.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Disregarding the diversity in the =
MBA
programs themselves, the model helps in comparing the existing salaries to =
the
standard, finding the standard deviants as a warning, and verifying that th=
ey
are not the result of illegal discrimination.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>If they are a result of illegal
discrimination, and the organization has not been sued yet, then correct it
ASAP (As Soon As Possible) to avoid litigation.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>In contrast, and in the worse case=
 that
a class action lawsuit is in progress, then the model can help calculate the
amount of the discrimination, compensation, recovery and serve as an intern=
al
control to prevent it in the future. <o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>INTR=
ODUCTION<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>The =
forecast
of MBA salary will typically start with the hiring, firing, retaining
employees, which are human resource functions.<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>However, it should quickly s=
pread
into accounting, as the organization pays the salaries, and into the budget=
ing
and variance analysis as the organization evaluates the performance of its
executive, many of which are MBA program alumni.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>After the involvement of the accou=
nting
and the economic activities, concerning the planning and implementation of
labor and employment policies, the internal audit and legal function will h=
ave
to deal with compliance issues.<span style=3D'mso-spacerun:yes'>&nbsp; </sp=
an>The
internal audit has to enforce compliance with US EEOC anti-discrimination, =
or
diversity regulations and we provide them with some salary forecasting mode=
ls
to assist in the compliance efforts and assess the risk and or damages due =
to incompliance.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>This=
 is a
study of &#8220;What Makes MBAs Great?&#8221; and the answer is &#8220;Mone=
y.&#8221;
<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;</span>That is the salary of t=
he
alumni, and the corresponding contribution that they make to the cash inflo=
w of
the organizations that employ or hire them.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Therefore, it becomes very importa=
nt to
be able to correctly forecast the MBA salary.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>We have forecasted MBA salaries us=
ing a Multivariate
Univariate Linear &amp; Polynomial Regression analysis of MBA Ranking &amp;
Salaries.<span style=3D'mso-spacerun:yes'>&nbsp; </span>This study shows the
symbiotic relationships of MBA program ranking and MBA salaries.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>It demonstrates how the salaries d=
epend
on other variables and the MBA media rankings, or MBA rankings for short.<s=
pan
style=3D'mso-spacerun:yes'>&nbsp; </span>We build a forecasting simulator t=
hat
enables users to forecast the MBA salaries with about 90% accuracy that may=
 be
very useful for litigators, auditor, forensic accountants and auditors that
want to calculate the damages, or potential risk due to plaintiffs in US EE=
OC (Equal
Employment Opportunity Commission) anti-discrimination labor and employment=
 law
violations.<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span><o:p></o:p>=
</span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Univ=
ersities
and other organizations that want to estimate their future salaries or audit
the past salaries, promotion, hiring and firing policies.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Likewise, prospective students can=
 do
the same, since most of the data is available publicly or can be easily int=
erpolated
and estimated.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Like=
wise, we
develop a model of forecasting the salary as a function of the rankings.<sp=
an
style=3D'mso-spacerun:yes'>&nbsp; </span>This way prospective students can
calculate their expected<span style=3D'mso-spacerun:yes'>&nbsp; </span>sala=
ry
after acquiring an MBA, to decide whether they can afford it or not, and how
much to spend on an MBA program.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>Likewise, lenders can make better financing decisions based on MBA
program potential salaries and ranking, evaluate better the default rate and
risk associated with lending to MBA students to fund their education.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Likewise, corporate sponsors of
employees to earn an MBA, can assess the salary impact on their investment.=
<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Employers that invest <span
style=3D'mso-spacerun:yes'>&nbsp;</span>in an employee MBA education fundin=
g, will
forecast the salary and find what such employee is likely to bring back, ba=
sed
on their alumni salaries, and calculate their ROI (Return on Investment).<o=
:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Deal=
ing with
Circular References of Cause and Affect Relationships of Variables based on
Time Series Analysis<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Thes=
e mutual
dependencies of rankings on salary and salary in turn dependency on
ranking<span style=3D'mso-spacerun:yes'>&nbsp; </span>poses a methodological
problem of variable role definitions.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>This circular reference may create some problems, so we suggest a
cross-sectional time-series analysis that can resolve some of the
problems.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Such statistical and
mathematical problems can be resolved over time.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>As we apply time-series in additio=
n to
cross sectional data, we eliminate some circular reference.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>In other words, if we use ranking =
of the
past 3 years to forecast the salary of the current year, we know that there=
 is
no way the current<span style=3D'mso-spacerun:yes'>&nbsp; </span>salary, co=
uld
affect the rankings of previous years, due to the fact that these rankings
preceded the salary.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Therefor=
e, in
such a case, the current salary should be the dependant and predicted varia=
ble,
while the prior years rankings will be the independent predictors the affect
the salary.<span style=3D'mso-spacerun:yes'>&nbsp; </span>This way we can
illuminate some of the circular references, and their confounding effects. =
<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>In t=
he
meantime, our objective is to review some issues and build some models, and
test some hypotheses.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Revi=
ew of
the literature<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>SEX
DISCRIMINATION CLASS ACTION CASES PROLIFERATE &amp; GROW<o:p></o:p></span><=
/p>

<p class=3DMsoNormal style=3D'text-indent:.5in'><span style=3D'font-size:22=
.0pt;
line-height:115%'>The proliferation of &#8220;Class Action Sex Discriminati=
on&#8221;
cases reported by the press raises the issue of preventative controls.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This study looks at the case of AI=
S faculty
promotion from a forensic audit, expert witness testimony and computer
litigation support point of view.<span style=3D'mso-spacerun:yes'>&nbsp; </=
span><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'text-indent:.5in'><span style=3D'font-size:22=
.0pt;
line-height:115%'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'text-indent:.5in'><span style=3D'font-size:22=
.0pt;
line-height:115%'>Class action sex discrimination suits<span
style=3D'mso-spacerun:yes'>&nbsp; </span>have been discussed recently in the
press.<span style=3D'mso-spacerun:yes'>&nbsp; </span>For instance Anthony S=
ebok
(2004) reported that the class action sex discrimination suit against Wal-M=
art
was certified a sex discrimination class action suit.<span
style=3D'mso-spacerun:yes'>&nbsp; </span><span style=3D'color:black'>When a=
 court
&quot;certifies&quot; a class action, it allows the case to proceed with a
class of plaintiffs, according to class action rules - as opposed to with a
number of individual plaintiffs.) </span>The class is claiming that Wal-Mart
discriminated against women in the way it recruited and promoted managers.<=
span
style=3D'mso-spacerun:yes'>&nbsp; </span><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'text-indent:.5in'><span style=3D'font-size:22=
.0pt;
line-height:115%'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'text-indent:.5in'><span style=3D'font-size:22=
.0pt;
line-height:115%'>A nationwide employment discrimination class action lawsu=
it
has been filed against Costco Wholesale Corporation (Patel, 2007).. The suit
charges that Costco operates a &quot;glass ceiling&quot; at the
store-management level which precludes women from obtaining promotion to
assistant manager and general manager positions. <o:p></o:p></span></p>

<span style=3D'font-size:22.0pt;font-family:"Times New Roman","serif";mso-f=
areast-font-family:
"Times New Roman";mso-ansi-language:EN-US;mso-fareast-language:EN-US;
mso-bidi-language:AR-SA'><br clear=3Dall style=3D'page-break-before:always'>
</span>

<p style=3D'text-indent:.5in;background:white'><span style=3D'font-size:22.=
0pt'>Wong
(2008) reports about another similar case of gender discrimination lawsuit =
against
Smith Barney. <span style=3D'mso-spacerun:yes'>&nbsp;</span>The plaintiffs
alleged that Smith Barney discriminated against female Financial Advisors in
compensation and business opportunities. The parties entered into a four-ye=
ar
settlement agreement that is subject to Court approval.<o:p></o:p></span></=
p>

<p class=3Dg style=3D'text-indent:.5in'><span class=3Da><span style=3D'font=
-size:20.0pt;
mso-bidi-font-family:Arial'><o:p>&nbsp;</o:p></span></span></p>

<p class=3DMsoNormal style=3D'text-indent:.5in'><span style=3D'font-size:20=
.0pt;
line-height:115%'>This study uses the number of refereed publications as a
measure of<span style=3D'mso-spacerun:yes'>&nbsp; </span>research productiv=
ity. <span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;</span>The authors develop a model to
forecast the MBA salary as a function of the number of predictor independen=
t variables.
<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;</span>Likewise, this model of=
fers a
methodology of testing for diversity compliance by the significance of the =
variance
between the standard salary and its standard deviants.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>If the Sex is statistically signif=
icant
standard deviant (female MBA&#8217;s salary is way lower than the standard),
then discrimination may exist in the population.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>In contrast, if Sex is statistical=
ly
insignificant, then discrimination is less likely in the population.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>If it appears like discrimination
exists, then the plaintiff, the defendant, or a government agency may need =
to
set up a class-action server and let people join the class.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>We are developing such a server wi=
th a
survey to support such class-action lawsuits based on earlier work (Rushine=
k,
1990, 1997, 2005).<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'text-indent:.5in'><span style=3D'font-size:20=
.0pt;
line-height:115%'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'text-indent:.5in'><span style=3D'font-size:20=
.0pt;
line-height:115%'>The purpose of this study is to develop a regression anal=
ysis
connected to a continuous online survey that will raise red flags for the
existence of sex discrimination.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>This is a tool for compliance forensic audit with regulations of
government agencies, such as the EEOC in the United States..<span
style=3D'mso-spacerun:yes'>&nbsp; </span>The regression helps determine whe=
ther
sex is a significant factor in promotion decisions.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>If it is significant, then it may
indicate that a class action may form at a future time, and enable the part=
ies
to reduce its likelihood of occurrence (Rushinek, 1993, 2000).<o:p></o:p></=
span></p>

<p class=3Dg style=3D'text-indent:.5in'><span class=3Da><span style=3D'font=
-size:20.0pt;
mso-bidi-font-family:Arial'><o:p>&nbsp;</o:p></span></span></p>

<p class=3Dg style=3D'text-indent:.5in'><span class=3Da><span style=3D'font=
-size:20.0pt;
mso-bidi-font-family:Arial'><o:p>&nbsp;</o:p></span></span></p>

<p class=3Dg style=3D'text-indent:.5in'><span class=3Da><span style=3D'font=
-size:20.0pt;
mso-bidi-font-family:Arial'><o:p>&nbsp;</o:p></span></span></p>

<p class=3Dg><span class=3Da><span style=3D'font-size:20.0pt;mso-bidi-font-=
family:
Arial'>DIVERSITY INTERNAL CONTROLS FOR DISCRIMINATION PREVENTION<o:p></o:p>=
</span></span></p>

<p class=3Dg style=3D'text-indent:.5in'><span class=3Da><span style=3D'font=
-size:20.0pt;
mso-bidi-font-family:Arial'><o:p>&nbsp;</o:p></span></span></p>

<p class=3Dg style=3D'text-indent:.5in'><span class=3Da><span style=3D'font=
-size:20.0pt;
mso-bidi-font-family:Arial'>We have reviewed numerous applications and sele=
cted
the best for evaluation of regulatory compliance such as the compliance with
the US EEOC.</span></span><span class=3Dw1><span style=3D'font-size:20.0pt;
mso-bidi-font-family:Arial'> </span></span><span style=3D'font-size:20.0pt;
mso-bidi-font-family:Arial'>What we are using here is a discriminant model,=
 a
model that discriminates between significant and insignificant sex
discrimination.<span class=3Dw1> Or, we can also call it diversity complian=
ce and
salary forecast.<span style=3D'mso-spacerun:yes'>&nbsp; </span>This is base=
d on
earlier studies by Rushinek and Rushinek (1985, 2000) that purports that t<=
/span>he
forensic auditor can provide effective <span style=3D'mso-bidi-font-weight:=
bold'>expert</span>
witness testimony and computer litigation support regard&#8220; Sex discrim=
ination
class action law suits.<span style=3D'mso-spacerun:yes'>&nbsp; </span><o:p>=
</o:p></span></p>

<p class=3Dg style=3D'text-indent:.5in'><span style=3D'font-size:20.0pt;mso=
-bidi-font-family:
Arial'><span style=3D'mso-spacerun:yes'>&nbsp; </span>Quick<span class=3Da>=
 system
response time is the main determinator of</span> overall user satisfaction.
(Rushinek, 1987, 1989).<span style=3D'mso-spacerun:yes'>&nbsp; </span>If fi=
lling
out the survey takes too much time, users will fail to fill it and the data
will not be accurate.<span style=3D'mso-spacerun:yes'>&nbsp; </span>This st=
udy
deals with<span class=3Dw1> anti-discrimination compliance and MBA salary
forecast software, </span><span class=3Da><span
style=3D'mso-spacerun:yes'>&nbsp;</span>it is </span>an interactive online =
<span
style=3D'mso-bidi-font-weight:bold'>expert</span> system using diagnostic a=
udit
trails through telecommunication networks.<span style=3D'mso-spacerun:yes'>=
&nbsp;
</span>The audit trail is an important facet of the current study, due to t=
he
fact that we may need it to support the litigation.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>MBA =
MEDIA
RATINGS CONSIDER DIVERSITY AND HELP FORECAST SALARY<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Dive=
rsity
and compliance with anti-discrimination practices should start within organ=
ization
as well as MBA programs that educate executives to manage organizations.<sp=
an
style=3D'mso-spacerun:yes'>&nbsp; </span>We are using media ranking statist=
ics
that deals extensively with such issues, as international and gender divers=
ity
in the MBA programs to develop our models.<span style=3D'mso-spacerun:yes'>=
&nbsp;
</span>The media is one of the most prominent ranking agencies of MBA progr=
am,
does it sell publications?<span style=3D'mso-spacerun:yes'>&nbsp; </span>Is=
 it a
good predictor of Salary?<span style=3D'mso-spacerun:yes'>&nbsp; </span>We
hypothesize that it is, and we prove it in the present study.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>We reject the null hypothesis that=
 it
has no affect on salary, and it does not help forecast salary.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Likewise, we propose to programmat=
ically
integrate such forecast into the ERP (Enterprise Resource Planning) systems=
 to
correctly estimate the labor and employment cost of top MBAs, comply with t=
he regulation,
and avoid or effectively deal with litigations.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>What=
 makes
an EMBA (Executive Masters in Business Administration) great is money.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This is the single most important =
factor
in a great EMBA program.<span style=3D'mso-spacerun:yes'>&nbsp; </span>We h=
ave
analyzed the data collected by the Financial Times (FT) business schools su=
rvey
which ranks the top 100 business schools EMBA (Executive Masters in Busines=
s)
programs, for the 2008 year, to decide what makes an EMBA program great as =
FT
suggests: </span><a href=3D"http://rankings.ft.com/global-mba-rankings"><sp=
an
style=3D'font-size:22.0pt;line-height:115%'>http://rankings.ft.com/global-m=
ba-rankings</span></a><span
style=3D'font-size:22.0pt;line-height:115%'>.<span
style=3D'mso-spacerun:yes'>&nbsp; </span><o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><a href=3D"http://www.anderson.ucla.edu/x16488.xml"><s=
pan
style=3D'font-size:22.0pt;line-height:115%'>http://www.anderson.ucla.edu/x1=
6488.xml</span></a><span
style=3D'font-size:22.0pt;line-height:115%'> UCLA (University of California=
 at
Los-Angeles) is proud to present their high rating.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>They publish an article entitled &=
#8220;</span><b><span
style=3D'font-size:15.0pt;line-height:115%;font-family:"Arial","sans-serif";
color:black'>UCLA Anderson Ranked 10th nationally, 17th Internationally by
Financial Times.&#8221; Likewise, Pen State<span
style=3D'mso-spacerun:yes'>&nbsp; </span></span></b><a
href=3D"http://www.smeal.psu.edu/news/latest-news/jan07/ftmba.html"><b><span
style=3D'font-size:15.0pt;line-height:115%;font-family:"Arial","sans-serif"=
'>http://www.smeal.psu.edu/news/latest-news/jan07/ftmba.html</span></b></a>=
<b><span
style=3D'font-size:15.0pt;line-height:115%;font-family:"Arial","sans-serif";
color:black'> <span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;</span>reports t=
hat
&#8220;Smeal Ranks Among Financial Times' Top 25 U.S. MBA Programs UNIVERSI=
TY
PARK, PA (January 29, 2007) &#8211; For the second year in a row, the MBA
Program at Penn State's Smeal College of Business ranks 25th domestically on
the Financial Times' annual ranking of MBA providers.&#8221;<o:p></o:p></sp=
an></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'><o:p>&nbsp;</o:p></span></b><=
/p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'>&#8220;AS MBA RANKINGS GROW M=
ORE
INFLUENTIAL, BUSINESS SCHOOLS ARE GOING TO GREAT LENGTHS TO BOOST THEIR SCO=
RES.
YET CONSIDERING HOW MUCH THE RESULTS VARY, STUDENTS ARE LEFT ASKING WHAT IT
TAKES TO MAKE THE GRADE&quot;<span style=3D'mso-spacerun:yes'>&nbsp; </span=
><o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'><o:p>&nbsp;</o:p></span></b><=
/p>

<p class=3DMsoNormal><a
href=3D"http://www.kellogg.northwestern.edu/news/hits/030301np.htm"><b><span
style=3D'font-size:15.0pt;line-height:115%;font-family:"Arial","sans-serif"=
'>http://www.kellogg.northwestern.edu/news/hits/030301np.htm</span></b></a>=
<b><span
style=3D'font-size:15.0pt;line-height:115%;font-family:"Arial","sans-serif";
color:black'> <span style=3D'mso-spacerun:yes'>&nbsp;</span>reports that
&quot;Pulling rank: As MBA rankings grow more influential, business schools=
 are
going to great lengths to boost their scores. Yet considering how much the
results vary, students are left asking what it takes to make the grade.&quo=
t;<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This is the focus of the current s=
tudy;
we aim to answer these questions.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>We explain why are these ranking so &#8220;influential,&#8221; and w=
hy
are &#8220;business schools are going to great lengths to boost their score=
s?&#8221;<span
style=3D'mso-spacerun:yes'>&nbsp; </span>The answers to both of these quest=
ions
are money.<span style=3D'mso-spacerun:yes'>&nbsp; </span>These ratings are =
one of
the most important predictor and determinant of the salary of the graduating
MBA students, and thus the revenues of the schools and the universities.<sp=
an
style=3D'mso-spacerun:yes'>&nbsp; </span>We develop a function that demonst=
rates
it statically, letting us quantify the exact impact.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>As &#8220;students are left asking=
 what
it takes to make the grade?&#8221; We develop a simulating model that anybo=
dy
can easily predict what does it take within about 90% accuracy.<o:p></o:p><=
/span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'><o:p>&nbsp;</o:p></span></b><=
/p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'>Review of Prior Research<o:p>=
</o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'>A Business School is trying to
design an impute control system, much like Rushinek, A. and Rushinek, S. de=
sign
an &quot;Input Control of Accounting Information Systems,&quot; (September
1982), enter predictor variables, and output the forecasted ranking. Follow=
ing
the Business School as Rushinek, A. explains has to use &quot;Capital Budge=
ting
Techniques, The Payback Period, The Net Present Value, The Internal Rate of
Return and Their Computer Applications,&quot; (1983) to decide whether it is
worth it.<span style=3D'mso-spacerun:yes'>&nbsp; </span><o:p></o:p></span><=
/b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'><o:p>&nbsp;</o:p></span></b><=
/p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'>At this time the school has to
develop a variance analysis, as Rushinek, A.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>describes &quot;Control Aspects of
Standard Costing:<span style=3D'mso-spacerun:yes'>&nbsp; </span>Variance an=
alysis,
Inflation Adjustment, The Learning and Their Computer Applications,&quot;
(1983) set a system with standard goals, compare actual to standard, produce
variances, learn the lesson, and repeat the cycle.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>In the current case an organizatio=
n will
forecast MBA employee&#8217;s salary, and use it to set up standard cost for
employing an MBA from the top business schools.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Based on this basis the employer c=
an
perform variance analysis, find the unfavorable variance, where they overpay
the MBA, and make the proper adjustments, for example.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Likewise, the employer may find th=
at a
favorable variance may be due to systematically discriminating against
minorities (woman, foreign employees, etc) and correct the problem.<span
style=3D'mso-spacerun:yes'>&nbsp; </span><o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'>Then comes the cost accumulat=
ion
part as Rushinek, A. explains &quot;Cost Accumulation for Different Costing
Systems and Their Computer Applications,&quot; (1983) apply, select the best
system.<span style=3D'mso-spacerun:yes'>&nbsp; </span>A system that can cop=
e well
with calculating the cost of the inputs such as hiring MBA or sponsoring and
funding employee&#8217;s education in the top MBA programs.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Lawyers, may be able to construct =
better
contracts when their company&#8217;s sponsors funding the education of
employees that need to get an MBA from a top program.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>How many years should a soldier ha=
ve to
serve in order to get his MBA funded by the US army, navy or other military
branches around the world?<span style=3D'mso-spacerun:yes'>&nbsp; </span>It
depend on the salary that such degree will generate. <o:p></o:p></span></b>=
</p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'><o:p>&nbsp;</o:p></span></b><=
/p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'>Next the organizations should
report the financial results, as Rushinek, A. suggests in &quot;Costing Asp=
ects
of Segmented Reporting and Its Contribution Approach,&quot; (1983) produce =
a forecasted
contribution income statement to ensure that the revenues exceed the
costs.<span style=3D'mso-spacerun:yes'>&nbsp; </span>In the event that the =
costs
are too high, as Rushinek, A. and Rushinek, S. suggest apply &quot;Cost Con=
trol
Systems,&quot; (1983) make sure that the expenses do not exceed the cash
available and the expected benefits.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>All of these forecasted reports have to be segmented by employee
education, specifically, MBA and their forecasted salary, especially for the
top MBA programs, that may be more expensive.<o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'><o:p>&nbsp;</o:p></span></b><=
/p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'>The investment model is next,=
 as
Rushinek, A., Rushinek, S., Chang, L. and Most, K. imply we can use &quot;T=
he Construction
of an International Investors' Perception Model for Corporate Published
Forecasted Financial Reports for the United States, Great Britain, and New
Zealand,&quot; (December 1983) even if an individual organization is not a
corporation, in this case we should emulate a corporate environment, since =
we
are dealing with MBAs salaries, and they are sensitive to the MBA market pl=
ace.<span
style=3D'mso-spacerun:yes'>&nbsp; </span><o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'><o:p>&nbsp;</o:p></span></b><=
/p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'>At this point we are ready to
allocate resources as Rushinek, A. and Rushinek, S. explain in &quot;Econom=
ic
Decisions and Resource Allocation in Managerial Accounting,&quot;(March 198=
4) dedicate
sufficient resources to hire MBAs.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>Likewise universities will hire faculty to teach MBAs, reduce teachi=
ng
load for more research time, etc. Schools should setup a Management Account=
ing
Information Systems to evaluate the process, as Rushinek, A. and Rushinek, =
S.
explain in &quot;Management Accounting Information Systems,&quot; (1985),
controlling the system through standard costs, and following their alumni
salaries and careers.<span style=3D'mso-spacerun:yes'>&nbsp; </span>As Rush=
inek,
A. and Rushinek, S. explain use &quot;Control Through Standard Costs and
Variance Analysis,&quot; (February 1986), set up standards for new MBA
employees, pay based on the forecasted salary, and then apply variance anal=
ysis.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>To prevent discrimination, analyze=
 the
variances to find whether the organization discriminates against minorities=
 or
other protected categories, and illuminate such illegal discrimination.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Nip it in the bud, before it becom=
es a
lawsuit, or worse a class action lawsuit.<span style=3D'mso-spacerun:yes'>&=
nbsp;
</span>However, if it is too late, and the organization is already defending
itself against such a lawsuit, the organization can use a salary forecast m=
odel
to mitigate the deficiencies, and estimate the damages, and minimize the pe=
nalties.<span
style=3D'mso-spacerun:yes'>&nbsp; </span><o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'><o:p>&nbsp;</o:p></span></b><=
/p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'>In the case of a large scale =
class
action lawsuit, the organization may have to setup a special fund raising a=
nd
spending actions as Rushinek, A. and Rushinek, S. explains in &quot;Additio=
nal
Fund Allocation Constraints for Common Stock Investments:<span
style=3D'mso-spacerun:yes'>&nbsp; </span>An Empirical Analysis of Regional
Portfolios in the Common Market and the United States,&quot; (Spring 1986) =
depending
on the market, whether it is in the US or outside the US, for example.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Likewise, we have to plan the solv=
ency
of such efforts as Rushinek, A. and Rushinek, S. describe in &quot;Using
Financial Ratios to Predict Insolvency,&quot; (1987) make sure that you do =
not
overspend and drive the school into insolvency.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Much like a manufacture system, as
Rushinek, A. and Rushinek, S. describe in &quot;Financial Planning (FP) Case
Study:<span style=3D'mso-spacerun:yes'>&nbsp; </span>Feature Selection Syst=
em
(FSS) for Microcomputer Users &amp; Manufacturers,&quot; (October 1988) we =
have
to select the MBA employees that best fit the organizational needs.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>If it is a center to international
business, then international diversity (faculty, students, board, languages,
etc) should be promoted in the business, and the schools that it sponsors, =
by
funding employee education.<span style=3D'mso-spacerun:yes'>&nbsp; </span><=
o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'><o:p>&nbsp;</o:p></span></b><=
/p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'>Much like an ERP (Enterprise
Resource Planning) system, as Rushinek, A. and Rushinek, S. describe in
&quot;Manufacturing Resource Planning Systems (MPR) Case Study: Feature
Selection System (FSS) for Microcomputer Users and Manufacturers&quot;, (19=
89)
we have to apply it to a business labor and employment policy based on the
labor marketplace outlook.<span style=3D'mso-spacerun:yes'>&nbsp; </span>If=
 it is
a multi-national organization, like a multinational university, like Oxford=
 University,
that has extension MBA programs, or multination companies, like IBM, that h=
as
subsidiaries in foreign countries, than transfer pricing applies.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>As Rushinek, A. and Rushinek, S. s=
uggest
&quot;Multinational Transfer-Pricing Factors: Tax, Custom Duties,
Antitrust/Dumping Legislation, Inflation, Interest, Competition,
Profit/Dividend, and Financial Reporting&quot;, (1989) should be used in a
variety of relevant countries.<span style=3D'mso-spacerun:yes'>&nbsp; </spa=
n>For
this reason we have included multi-national MBA program in our sample.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Accordingly, we should allocate the
resources, as Rushinek, A. and Rushinek, S. describe in &quot;Economic
Decisions and Resource Allocation in Managerial Accounting&quot;, (August,
1989) match the resources to the expected revenues.<o:p></o:p></span></b></=
p>

<p class=3DMsoNormal><b><span style=3D'font-size:15.0pt;line-height:115%;
font-family:"Arial","sans-serif";color:black'><o:p>&nbsp;</o:p></span></b><=
/p>

<div style=3D'mso-element:para-border-div;border:none;border-bottom:solid w=
indowtext 2.25pt;
padding:0in 0in 1.0pt 0in'>

<p class=3DMsoNormal style=3D'border:none;mso-border-bottom-alt:solid windo=
wtext 2.25pt;
padding:0in;mso-padding-alt:0in 0in 1.0pt 0in'><b><span style=3D'font-size:=
15.0pt;
line-height:115%;font-family:"Arial","sans-serif";color:black'>We are using
rating and ranking of MBA programs much like Rushinek, A. and Rushinek, S.
describe in &quot;Rating and Ranking Best Practices of the British Petroleum
Oil Company and the Oil &amp; Gas Industry: Sales to Cash Forecasting
Univariate Regression Trend Analysis and Computer Modeling, (December, 1997=
).
We are dealing with the same construct but it can be with different industr=
ies,
oil and gas and industries other than Oil and Gas.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>We should avoid litigations and le=
gal
problems as we try to improve the diversity as soon as possible.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>As Rushinek, A. and Rushinek, S. e=
xplain
in &quot;Litigation in Pennzoil and the Petroleum Refining Industry: A
Financial Ratio Automated Peer Review Analysis of Variance Internet Software
Development&quot;<span style=3D'mso-spacerun:yes'>&nbsp; </span>(September,=
 1998)
compare the company to its peers to ensure compliance with regulations and
standards. Sometime, we may use forensic accounting as Rushinek, A. and
Rushinek, S. describe in &quot;The Role of the Forensic Accountant in
Calculating the Damages Using the 'But-if Analysis in a Case of Internet Day
Trader &amp; Online Broker Misconduct Litigation&quot;, (2001) avoid
administrative misconduct as you try to improve the labor diversity before =
it
becomes a lawsuit.<span style=3D'mso-spacerun:yes'>&nbsp; </span>But if the
company failed to do so, it is better later than never.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Use a 'but-if' or an 'if then' ana=
lysis
to evaluate a variety of alternative, investigating potential risk of damag=
es
and recoveries.<span style=3D'mso-spacerun:yes'>&nbsp; </span>For example, =
our
salary forecast model can help us calculate what would have been had the
organization stuck to standard salary practices calculate the amount of
underpaid employee, and the damages of having to compensate them for their
losses due to the discrimination against them.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>We are in the process of automatin=
g such
software systems that will provides an automated salary forecast, with an a=
lert
system that will provide red flags and warning of possible discrimination a=
gainst
certain employees.<span style=3D'mso-spacerun:yes'>&nbsp; </span>This way
variance analysis will also deal with the threat of labor and employment
litigations and quantify their associate risk.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This is especially relevant for
companies that tend to hire a lot of MBAs from top schools, and are concern=
ed
about diversity compliance.<o:p></o:p></span></b></p>

</div>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Data=
 Inputs Collection
and Analysis Automation Proposition<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Inst=
ead of
using the tradition data collection survey methods, we propose to automate =
the
data collection and the analysis using new Microsoft Sharepoint
technologies.<span style=3D'mso-spacerun:yes'>&nbsp; </span>This is a descr=
iption
of how data can be collected to continuously test for regulatory compliance,
such as Sex discrimination compliance with the EEOC.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>The Microsoft</span><span
style=3D'font-size:22.0pt;line-height:115%;font-family:"Arial","sans-serif";
color:black'> </span><span style=3D'font-size:22.0pt;line-height:115%;color=
:black'>&reg;</span><span
style=3D'font-size:22.0pt;line-height:115%'> SharePoint <span style=3D'colo=
r:black'>&reg;</span>
server will collect the data, regress Salary on the Rank, test the signific=
ance
and issue a warning as soon as it finds statistically significant Sex
discrimination.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Scre=
en Shot
1<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><!--=
[if gte vml 1]><v:shapetype
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  <v:f eqn=3D"prod @7 21600 pixelHeight"/>
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 <v:path o:extrusionok=3D"f" gradientshapeok=3D"t" o:connecttype=3D"rect"/>
 <o:lock v:ext=3D"edit" aspectratio=3D"t"/>
</v:shapetype><v:shape id=3D"_x0000_i1031" type=3D"#_x0000_t75" style=3D'wi=
dth:625pt;
 height:483pt'>
 <v:imagedata src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAW=
SUIT_DIVERSITY_AUDIT_files/image001.emz"
  o:title=3D""/>
</v:shape><![endif]--><![if !vml]><img border=3D0 width=3D833 height=3D644
src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAWSUIT_DIVERSITY=
_AUDIT_files/image002.gif"
v:shapes=3D"_x0000_i1031"><![endif]><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'text-indent:.5in'><span style=3D'font-size:22=
.0pt;
line-height:115%'>Screen Shot 1 describes how to setup the survey online fo=
r a
lay-person (not an IT professional), such as a paralegal, a forensic audito=
r etc.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>After selecting from a menu, the o=
ption
to display a survey the user will start picking up questions. In step 6, the
user will pick multiple choice questions.<span style=3D'mso-spacerun:yes'>&=
nbsp;
</span>In our case, the system will apply to the role of the respondent to =
the
survey.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Thus, the question wi=
ll
read as follows:<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>What=
 is your
role?<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-top:0in;margin-right:0in;margin-bottom=
:0in;
margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;line-height:norma=
l;
mso-list:l0 level1 lfo1;tab-stops:list .5in'><![if !supportLists]><span
style=3D'font-size:22.0pt;mso-bidi-font-family:Calibri'><span style=3D'mso-=
list:
Ignore'>1.<span style=3D'font:7.0pt "Times New Roman"'> </span></span></spa=
n><![endif]><span
style=3D'font-size:22.0pt'>Student<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-top:0in;margin-right:0in;margin-bottom=
:0in;
margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;line-height:norma=
l;
mso-list:l0 level1 lfo1;tab-stops:list .5in'><![if !supportLists]><span
style=3D'font-size:22.0pt;mso-bidi-font-family:Calibri'><span style=3D'mso-=
list:
Ignore'>2.<span style=3D'font:7.0pt "Times New Roman"'> </span></span></spa=
n><![endif]><span
style=3D'font-size:22.0pt'>Faculty<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-top:0in;margin-right:0in;margin-bottom=
:0in;
margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;line-height:norma=
l;
mso-list:l0 level1 lfo1;tab-stops:list .5in'><![if !supportLists]><span
style=3D'font-size:22.0pt;mso-bidi-font-family:Calibri'><span style=3D'mso-=
list:
Ignore'>3.<span style=3D'font:7.0pt "Times New Roman"'> </span></span></spa=
n><![endif]><span
style=3D'font-size:22.0pt'>Board member<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-top:0in;margin-right:0in;margin-bottom=
:0in;
margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;line-height:norma=
l;
mso-list:l0 level1 lfo1;tab-stops:list .5in'><![if !supportLists]><span
style=3D'font-size:22.0pt;mso-bidi-font-family:Calibri'><span style=3D'mso-=
list:
Ignore'>4.<span style=3D'font:7.0pt "Times New Roman"'> </span></span></spa=
n><![endif]><span
style=3D'font-size:22.0pt'>Administrator or staff<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-top:0in;margin-right:0in;margin-bottom=
:0in;
margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;line-height:norma=
l;
mso-list:l0 level1 lfo1;tab-stops:list .5in'><![if !supportLists]><span
style=3D'font-size:22.0pt;mso-bidi-font-family:Calibri'><span style=3D'mso-=
list:
Ignore'>5.<span style=3D'font:7.0pt "Times New Roman"'> </span></span></spa=
n><![endif]><span
style=3D'font-size:22.0pt'>None of the above<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>As t=
he tip
suggests &#8220;On the &lt;<b><i>Survey Name</i></b>&gt;<b>:</b> <b>New
Question</b> page, in the <b>Question</b> box, type the question you want to
ask, and then select the type of answer you want.&#8221;<o:p></o:p></span><=
/p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Scre=
en Shot
2<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><!--=
[if gte vml 1]><v:shape
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'>
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SUIT_DIVERSITY_AUDIT_files/image003.emz"
  o:title=3D""/>
</v:shape><![endif]--><![if !vml]><img border=3D0 width=3D844 height=3D651
src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAWSUIT_DIVERSITY=
_AUDIT_files/image004.gif"
v:shapes=3D"_x0000_i1032"><![endif]><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'text-indent:.5in'><span style=3D'font-size:22=
.0pt;
line-height:115%'>Screen Shot 2 shows some of the advantages of an interact=
ive online
survey over a traditional survey, which is the branching capability.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>As the instructions suggest <span
style=3D'mso-spacerun:yes'>&nbsp;</span>that branching lets you simplify yo=
ur
surveys for your respondents by displaying only questions that are relevant=
 to
each respondent. Questions that are not relevant are not displayed. The
relevance is determined by the respondent&#8217;s answer to the preceding
question.<span style=3D'mso-spacerun:yes'>&nbsp; </span>For example, you mi=
ght
have the following questions in your survey:&#8221;<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>For =
our
survey, we will as the following:<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-top:0in;margin-right:0in;margin-bottom=
:0in;
margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;line-height:norma=
l;
mso-list:l1 level1 lfo2;tab-stops:list .5in'><![if !supportLists]><span
style=3D'font-size:22.0pt;mso-bidi-font-family:Calibri'><span style=3D'mso-=
list:
Ignore'>1.<span style=3D'font:7.0pt "Times New Roman"'> </span></span></spa=
n><![endif]><span
style=3D'font-size:22.0pt'>Are you a US citizen? (choices: Yes or No)<o:p><=
/o:p></span></p>

<p class=3DMsoNormal style=3D'margin-top:0in;margin-right:0in;margin-bottom=
:0in;
margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;line-height:norma=
l;
mso-list:l1 level1 lfo2;tab-stops:list .5in'><![if !supportLists]><span
style=3D'font-size:22.0pt;mso-bidi-font-family:Calibri'><span style=3D'mso-=
list:
Ignore'>2.<span style=3D'font:7.0pt "Times New Roman"'> </span></span></spa=
n><![endif]><span
style=3D'font-size:22.0pt'>What national origin are you? (choices: Canada, =
Europe,
Asia, Middle east, Latin America, Others)<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-top:0in;margin-right:0in;margin-bottom=
:0in;
margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;line-height:norma=
l;
mso-list:l1 level1 lfo2;tab-stops:list .5in'><![if !supportLists]><span
style=3D'font-size:22.0pt;mso-bidi-font-family:Calibri'><span style=3D'mso-=
list:
Ignore'>3.<span style=3D'font:7.0pt "Times New Roman"'> </span></span></spa=
n><![endif]><span
style=3D'font-size:22.0pt'>What was your salary prior to starting the MBA?<=
o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>If a=
 survey
respondent&#8217;s answer to question 1 is &#8220;No,&#8221; question 2 bec=
omes
irrelevant. Using branching, only respondents who choose &#8220;Yes&#8221; =
for
question 1 will be asked question 2. All others are taken directly to quest=
ion
3.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Scre=
en Shot
3<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><!--=
[if gte vml 1]><v:shape
 id=3D"_x0000_i1033" type=3D"#_x0000_t75" style=3D'width:618pt;height:477pt=
'>
 <v:imagedata src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAW=
SUIT_DIVERSITY_AUDIT_files/image005.emz"
  o:title=3D""/>
</v:shape><![endif]--><![if !vml]><img border=3D0 width=3D824 height=3D636
src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAWSUIT_DIVERSITY=
_AUDIT_files/image006.gif"
v:shapes=3D"_x0000_i1033"><![endif]><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'text-indent:.5in'><span style=3D'font-size:22=
.0pt;
line-height:115%'>Screen Shot 3 shows another advantage of an online survey,
the ability to preview the survey and find out if the survey developer made=
 mistakes,
and correct them ASAP.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Likewi=
se,
the user can create an e-mail message and include hyperlinks, as the
instructions suggest: &#8220;After confirming that your survey operates as
intended, send the survey. Rather than sending an e-mail message with a lin=
k to
the home page of a team site, you can send a URL (Universal Resource Locato=
r) that
takes survey recipients directly to the survey.&#8221;<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Entering the information directly =
into
the survey by-passes the problems with e-mail delivery that can be delayed =
and
misclassified as &#8220;junk mail,&#8221; never reaching its destination.<s=
pan
style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>Thus, we &#8220;create an e-=
mail
message, and paste the survey address into the message. Your respondents wi=
ll
be able to click the link to go directly to the survey.&#8221;<o:p></o:p></=
span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Scre=
en Shot
4<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><!--=
[if gte vml 1]><v:shape
 id=3D"_x0000_i1034" type=3D"#_x0000_t75" style=3D'width:630pt;height:486pt=
'>
 <v:imagedata src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAW=
SUIT_DIVERSITY_AUDIT_files/image007.emz"
  o:title=3D""/>
</v:shape><![endif]--><![if !vml]><img border=3D0 width=3D840 height=3D648
src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAWSUIT_DIVERSITY=
_AUDIT_files/image008.gif"
v:shapes=3D"_x0000_i1034"><![endif]><span style=3D'mso-tab-count:1'>&nbsp;&=
nbsp;&nbsp; </span>Screen
Shot 4 shows some instructions: &#8220;When drafting the e-mail message to
survey recipients, be sure to include the following: 1) a concise descripti=
on
of what data the survey will collect, 2) an explanation of how this data wi=
ll
be used, 3) how long the survey will take to complete, and 4) whether the
survey is anonymous.&#8221;<span style=3D'mso-spacerun:yes'>&nbsp; </span>I=
n our
case such a tip is very important since most people disregard the survey as=
 a
waste of time and fail to respond, or fail to respond accurately.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>So it is important to explain the
rationale for the survey as follows:<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>1) A=
 concise
description of what data the survey will collect: this an EEOC anti-discrim=
ination
class action suit survey, <o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>2) An
explanation of how this data will be used: the data will be used exclusively
for testing whether you are entitled to get paid due to illegal Sex discrim=
ination
against you (a respondent maybe more likely to respond knowing that it is n=
ot
just an &#8220;academic&#8221; survey,<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>3) H=
ow long
the survey will take to complete: this survey will take only 5 minutes to
complete , and <o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>4) W=
hether
the survey is anonymous: we need to get your information to audit the data,=
 and
we need to verify it (most of it is available publicly) so it cannot be
anonymous.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'text-indent:.5in'><span style=3D'font-size:22=
.0pt;
line-height:115%'>Another advantage is<span style=3D'mso-spacerun:yes'>&nbs=
p;
</span>the graphical summary of responses. An example of a graphical summar=
y is
shown which helps the respondents avoid mistakes as they can see graphically
their responses and how it compares to the average of all other responses.<=
span
style=3D'mso-spacerun:yes'>&nbsp; </span>So for example, when we ask for a =
number
of refereed journal articles, of top journals, a faculty member will not en=
ter
journal not listed on a hyperlinked &#8220;top journals&#8221; list, and
overstate their publication rate unintentionally.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Otherwise, we may have to remove o=
utliers
of respondents that are way out there.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Most
important advantage is the instant and programmatic export to Microsoft Exc=
el,
which can calculate the regression analysis, and issue an alert based on
predetermined conditions of deviations from the standard.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Much like management by exception,=
 we
can get an alert only in the case that the variance is significant,
exceptional, and warrants additional rapid action</span>.</p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<div style=3D'mso-element:para-border-div;border:none;border-bottom:solid w=
indowtext 2.25pt;
padding:0in 0in 1.0pt 0in'>

<p class=3DMsoNormal style=3D'border:none;mso-border-bottom-alt:solid windo=
wtext 2.25pt;
padding:0in;mso-padding-alt:0in 0in 1.0pt 0in'><span style=3D'font-size:22.=
0pt;
line-height:115%'><o:p>&nbsp;</o:p></span></p>

</div>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Data
Analysis Outputs<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Over=
all
Predictive Quality of the Multivariate Linear Least Square Regression Analy=
sis Model<o:p></o:p></span></p>

<table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0 wi=
dth=3D210
 style=3D'width:209.6pt;border-collapse:collapse;mso-yfti-tbllook:1184;
 mso-padding-alt:0in 5.4pt 0in 5.4pt'>
 <tr style=3D'mso-yfti-irow:0;mso-yfti-firstrow:yes;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman";background:yellow;mso-highlight:
  yellow'>SUMMARY OUTPUT<o:p></o:p></span></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman";background:yellow;mso-highlight:
  yellow'>Table 1<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:1;height:15.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:2;height:14.0pt'>
  <td width=3D210 nowrap colspan=3D2 valign=3Dbottom style=3D'width:209.6pt=
;border-top:
  solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.=
0pt;
  border-right:none;mso-border-top-alt:solid windowtext 1.0pt;mso-border-bo=
ttom-alt:
  solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>Regression
  Statistics<o:p></o:p></span></i></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:3;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Multiple R<o:p></o:p></span></=
p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.949726003<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:4;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>R Square<o:p></o:p></span></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;background:ye=
llow;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.901979481<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:5;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Adjusted R Square<o:p></o:p></=
span></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.862771273<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:6;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Standard Error<o:p></o:p></spa=
n></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>8704.616577<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:7;height:15.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:1=
5.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Observations<o:p></o:p></span>=
</p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>57<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:8;mso-yfti-lastrow:yes;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
</table>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>The =
SUMMARY
OUTPUT describes overall predictive quality of the model. The Adjusted R Sq=
uare
shows that our model explains about 87% of the variation in the dependant
variable the MBA ranking, adjusted for errors.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Or, it explains 90% of the sample
salary.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>SUMM=
ARY
OUTPUT<span style=3D'mso-tab-count:1'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =
</span>Table
1 contains the Regression Statistics, with Multiple R =3D 0.949726003, R Sq=
uare =3D
0.901979481, Adjusted R Square =3D 0.862771273, with the top MBA program wi=
th a
total of the number of Observations =3D 57.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><span
style=3D'mso-tab-count:1'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><o:p>=
</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>The
Statistical Significance of the Model and Its Variables Hypothesis Testing<=
o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Tabl=
e 2<o:p></o:p></span></p>

<table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0 wi=
dth=3D517
 style=3D'width:517.15pt;border-collapse:collapse;mso-yfti-tbllook:1184;
 mso-padding-alt:0in 5.4pt 0in 5.4pt'>
 <tr style=3D'mso-yfti-irow:0;mso-yfti-firstrow:yes;height:15.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:15.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>ANOVA<o:p></o:p></span></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Table 2<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:1;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;border-top:s=
olid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><i><span style=3D'font-size:10.0pt;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></i></=
p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><i><span style=3D'font-size:10.0pt;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:"Times New Roman"'>df<o:p></o:p></span></i></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><i><span style=3D'font-size:10.0pt;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:"Times New Roman"'>SS<o:p></o:p></span></i></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><i><span style=3D'font-size:10.0pt;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:"Times New Roman"'>MS<o:p></o:p></span></i></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><i><span style=3D'font-size:10.0pt;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:"Times New Roman"'>F<o:p></o:p></span></i></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;border-top:s=
olid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><i><span style=3D'font-size:10.0pt;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:"Times New Roman"'>Significance F<o:p></o:p></spa=
n></i></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:2;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Regression<o:p></o:p></span></=
p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>16<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>2.79E+10<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.74E+09<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>23.00486<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>3E-15<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:3;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Residual<o:p></o:p></span></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>40<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>3.03E+09<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>75770350<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:4;height:15.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:1=
5.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Total<o:p></o:p></span></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>56<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>3.09E+10<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:1=
5.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:5;height:15.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:6;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;border-top:s=
olid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>X
  Variables<o:p></o:p></span></i></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>Coefficients<o:p></o:p></span></i></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>Standard
  Error<o:p></o:p></span></i></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>t
  Stat<o:p></o:p></span></i></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>P-value<o:p></o:p></span></i></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;border-top:s=
olid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>Lower
  95%<o:p></o:p></span></i></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>Upper
  95%<o:p></o:p></span></i></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:7;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Salary inc. (%)<o:p></o:p></sp=
an></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>529.4372265<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>107.0987<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>4.943452<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.42E-05<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>312.9827<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>745.8917<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:8;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Recommends<o:p></o:p></span></=
p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-370.9751346<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>91.39913<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-4.058848<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;background:#F=
FC000;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.000223<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-555.6997<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-186.2506<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:9;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Wom. students<o:p></o:p></span=
></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>797.6010524<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>287.8005<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>2.771368<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;background:#9=
2D050;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.00843<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>215.9346<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1379.267<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:10;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Intl. faculty<o:p></o:p></span=
></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>352.3862237<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>173.4935<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>2.03112<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;background:#9=
2D050;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.048925<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.7427<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>703.0297<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:11;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Careers<o:p></o:p></span></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-117.3431986<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>64.61575<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-1.816015<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;background:ye=
llow;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.076869<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-247.9365<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>13.2501<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:12;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Intl. course<o:p></o:p></span>=
</p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>104.1566085<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>68.20841<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.527035<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.134622<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-33.69774<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>242.011<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:13;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Intl. board<o:p></o:p></span><=
/p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>170.6048987<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>118.2702<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.442501<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;background:wh=
ite;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.156946<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-68.42814<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>409.6379<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:14;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Wom. faculty<o:p></o:p></span>=
</p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>247.998377<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>249.9175<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.992321<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;background:wh=
ite;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.327006<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-257.1038<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>753.1005<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:15;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Value<o:p></o:p></span></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>75.7012083<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>80.48259<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.940591<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.35256<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-86.96018<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>238.3626<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:16;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Research<o:p></o:p></span></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-79.54044493<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>85.76169<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-0.927459<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.359251<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-252.8713<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>93.7904<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:17;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Placements<o:p></o:p></span></=
p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-65.61918343<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>82.8653<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-0.791878<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.433103<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-233.0962<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>101.8578<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:18;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Intercept<o:p></o:p></span></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>26270.36592<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>34715.84<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.756726<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.453649<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-43892.97<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>96433.7<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:19;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Intl. mobility<o:p></o:p></spa=
n></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>70.27957951<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>94.66397<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.742411<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.462176<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-121.0434<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>261.6026<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:20;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Aims achieved<o:p></o:p></span=
></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-50.81925629<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>91.39959<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-0.556012<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.5813<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-235.5447<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>133.9062<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:21;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Intl. students<o:p></o:p></spa=
n></p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>28.77495571<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>184.9927<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.155546<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;background:ye=
llow;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.877173<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-345.1092<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>402.6591<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:22;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>PhD faculty<o:p></o:p></span><=
/p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>35.27135597<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>272.958<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.129219<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.897832<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-516.3974<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>586.9401<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:23;height:15.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:1=
5.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Wom. board<o:p></o:p></span></=
p>
  </td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>11.43182072<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>183.6033<o:p></o:p></span></p>
  </td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.062264<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;background:yellow;padding:0in 5.4pt 0in 5.4pt;
  height:15.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.950663<o:p></o:p></span></p>
  </td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:1=
5.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-359.6443<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>382.5079<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:24;mso-yfti-lastrow:yes;height:14.0pt'>
  <td width=3D119 nowrap valign=3Dbottom style=3D'width:1.65in;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D91 nowrap valign=3Dbottom style=3D'width:90.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D59 nowrap valign=3Dbottom style=3D'width:59.4pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D69 nowrap valign=3Dbottom style=3D'width:68.95pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
</table>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>In g=
eneral,
Salary Income (%) gain from the MBA, Recommendations and the diversity
variables including women students and international faculty dominated the =
most
significant independent predictor variables for this part of the analysis, =
as
expected.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Surprisingly, some =
such
variables have been insignificant statistically but their signs have all be=
en
positive, indicating the diversity in the MBA program affects the salary
positively.<span style=3D'mso-spacerun:yes'>&nbsp; </span>For a more detail=
ed
analysis, we will examine individual variables and their effects on salary.=
<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Buil=
ding a Multivariate
Linear Regression Model<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Tabl=
e 2
describes the process of building a multivariate linear regression model.<s=
pan
style=3D'mso-spacerun:yes'>&nbsp; </span>Following is the description of the
model to forecast the yearly ranking of top EMBA programs:<o:p></o:p></span=
></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Y_De=
pVar1=3Df
(Constant+X_IndepVar_1+X_IndepVar_2+X_IndepVar_3+X_IndepVar_4+X_IndepVar_5+=
X_IndepVar_6+X_IndepVar_7+X_IndepVar_8+X<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>_Ind=
epVar_9+X_IndepVar_10+X_IndepVar_11+X_IndepVar_12+X_IndepVar_13+X_IndepVar_=
14+X_IndepVar_15+X_IndepVar_16+)<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>The =
Y_DepVar1,
describes the Y Dependent Variable, or the predicted variable, in our case =
the
EMBA Salaries for 2008. <span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;</span=
>This
Rank is a function ( =3Df() of the remainder of the equation including a Co=
nstant,
+ plus the X independent variables series, starting with the 1<sup>st</sup>
one, X_IndepVar_1, continuing to the 2<sup>nd</sup> one, +X_IndepVar_2, &#8=
230;
and concluding with the last one, (+X_IndepVar_16) the 16<sup>th</sup><span
style=3D'mso-spacerun:yes'>&nbsp; </span>X variable.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>In c=
ontrast
with the symbols in the regression equation, we have set up the variable na=
mes
themselves, to clarify the multivariate linear model.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Following is the model in terms of=
 the
variable names:<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>MBA =
Salary
2008 Y=3Df(Intercept+Salary inc. (%)*X1 +Recommends*X2 +Wom. Students*X3 +I=
ntl.
faculty*X4 +Careers*X5 +Intl. course*X6 +Intl. board +Wom. Faculty*X7 +Valu=
e*X8
+Research*X9 +Placements*X10 +Intl. mobility*X11 +Aims achieved*X12 +Intl.
students*X13 +PhD faculty*X14 +Wom. Board*X15)<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Reje=
cting
the Null Hypothesis of the Entire Model<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Tabl=
e 2
describes the statistical significance of the model and its variables.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>The 1<sup>st</sup> part of table 2=
 shows
the ANOVA (Analysis of Variance).<span style=3D'mso-spacerun:yes'>&nbsp;
</span>ANOVA, Table 2, shows the df, Degrees of Freedom,<span style=3D'mso-=
tab-count:
1'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>SS, Sum of Squares,<span
style=3D'mso-tab-count:1'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>MS, M=
ean
Squares,<span style=3D'mso-tab-count:1'> </span>F, and Significance F.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>For the Regression the F value is =
Significant
if it is lower than .o5.<span style=3D'mso-spacerun:yes'>&nbsp; </span>If i=
t is below
the minimum of .o5 to reject the null hypothesis.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Accordingly, we may reject the nul=
l hypothesis
stating that the regression coefficients in the population approach zero, in
favor of the null hypothesis that the coefficients differ from zero. ANOVA<=
span
style=3D'mso-tab-count:1'>&nbsp;&nbsp;&nbsp;&nbsp; </span>Table 2<span
style=3D'mso-tab-count:1'> </span>shows the df, SS, MS, F, and Significance=
 F,
for the Regression as follows: 16, 2.79E+10, 1.74E+09, 23.00486, and 3E-15&=
lt;.o5
and therefore, <span style=3D'background:yellow;mso-highlight:yellow'>stati=
stically
significant at the .05 level.</span><span style=3D'mso-tab-count:1'>&nbsp;&=
nbsp;&nbsp;&nbsp;&nbsp; </span><o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><span
style=3D'mso-tab-count:6'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&=
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&=
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><span
style=3D'mso-tab-count:1'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><span
style=3D'mso-spacerun:yes'>&nbsp;</span><span style=3D'mso-tab-count:1'>&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp; </span><o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Reje=
cting
the Null Hypothesis of the Individual Variables<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>The =
2<sup>nd</sup>
part of Table 2 describes the X Variables Coefficients, Standard Error, t S=
tat,
P-value, and Lower 95%, for the Intercept these values. These values for the
most significant variable, Salary inc. (%) are as follows:<o:p></o:p></span=
></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>529.=
4372265<span
style=3D'mso-tab-count:1'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>107.0986844=
<span
style=3D'mso-tab-count:1'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>4.943452195=
<span
style=3D'mso-tab-count:1'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>1.41758E-05=
<span
style=3D'mso-tab-count:1'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>312.9827133=
<span
style=3D'mso-tab-count:1'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>745.8=
917397,
respectively.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Most
importantly,<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>the combin=
ation
of the T Stat and the P-value being way less the minimum cut-off point of
.o5&gt;1.41758E-05, which lets us reject the null hypothesis.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Thus, we reject the null hypothesi=
s that
the intercept equals zero, in favor of the alternative hypothesis that it
differs from zero.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>In g=
eneral,
the combination of the P-value and the Coefficients tell us whether to reje=
ct
the null hypothesis and how to calculate the impact of the variable on the =
MBA
Salary Today value.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>Accordingly,<span style=3D'mso-spacerun:yes'>&nbsp; </span>the 1<sup=
>st</sup>
block of X Variables, and their Coefficients and P-value for the up to Intl.
faculty of 2.031120125 0.048925058, which is less than .o5, respectively, s=
hows
that this variable contributes about<span style=3D'mso-spacerun:yes'>&nbsp;
</span>252 <span style=3D'mso-spacerun:yes'>&nbsp;</span>for each unit in S=
alary Today
(2008). <span style=3D'mso-spacerun:yes'>&nbsp;&nbsp;</span>That means that=
 the
higher the salary, the higher the number of International Faculty on the st=
aff
of the MBA program.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Like=
wise,
for Wom. Students, and all variables above Intl. faculty, with an X value o=
f 797.601052446682,
we can say the same, and reject the null hypothesis, Ho, in favor of the
alternative hypothesis, H1.<span style=3D'mso-spacerun:yes'>&nbsp; </span>I=
t make
sense since the higher salary belongs with the higher diversity of faculty =
and
students.<span style=3D'mso-spacerun:yes'>&nbsp; </span><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;</span>So, <span
style=3D'mso-spacerun:yes'>&nbsp;</span>we can calculate, for example, <span
style=3D'mso-spacerun:yes'>&nbsp;</span>the contribution of this X variable=
 to
the salary<span style=3D'mso-spacerun:yes'>&nbsp; </span>today as the X
Coefficient of 797.601052446682*1,000 times the number of International
students at the school and get $797,601.05 added to the intercept as a
contribution to the total MBA salary.<span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp; </span>So for each additional
international student the MBA salary should increase by $797.60.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>We apply the same process to calcu=
late
the entire salary of an MBA, or a group of MBAs.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>The =
next block
of variable coefficients are all statistically insignificant at the .o5
level.<span style=3D'mso-spacerun:yes'>&nbsp; </span>These variables includ=
e: Careers
with a P-value of .07&gt;.05 that is greater than .o5, the cutoff point for
statistical significance at the .o5 level.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Some=
 of
these X variables describe protected categories by the US EEOC (United Stat=
es
Equal Employment Opportunity Commission) regulations.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This may have far reaching impact =
on
anti-discrimination compliance and litigation, which are beyond the scope of
the present study.<span style=3D'mso-spacerun:yes'>&nbsp; </span>For exampl=
e,
International Students, Women, and International Board are protected catego=
ries,
US school employers may not discriminate against foreign national origins a=
nd
women.<span style=3D'mso-spacerun:yes'>&nbsp; </span>We noted that all the X
Coefficients are all positive, which may indicate the propensity of diversi=
ty
to enhance the MBA salaries, and comply with US EEOC regulations indirectly=
.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Not
Rejecting the Null Hypothesis of the Individual Variables<o:p></o:p></span>=
</p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>The =
next
block of coefficient variables deals with not rejecting the null hypothesis=
 of
the individual variables.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Due=
 to
the fact that all the following coefficients have the value of P-value that
exceeds the .o5 level.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Theref=
ore,
we cannot reject the null hypothesis for the following X variables:<o:p></o=
:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Care=
ers<span
style=3D'mso-tab-count:1'> </span>Intl. course, Intl. board, Wom. Faculty, =
Value,
Research, Placements, Intercept, Intl. mobility, Aims achieved, Intl. stude=
nts,
PhD faculty, Wom. Board.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Whil=
e this
group of independent predictor X variables are insignificant statistically =
by
themselves we have kept them in the model due to their contribution to the
overall model, which may indicate some interaction affect with the other
variables.<span style=3D'mso-spacerun:yes'>&nbsp; </span>In contrast, we ha=
ve
removed the remaining variables due to insufficient contribution to the ove=
rall
model.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>RANK=
 TOP 50<span
style=3D'mso-spacerun:yes'>&nbsp; </span>BUSINESS SCHOOLS EMBA (EXECUTIVE M=
ASTERS
IN BUSINESS) PROGRAMS<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Sala=
ry Today
(2008) is our dependant predicted Y variable.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This is based on the Financial Tim=
es
(FT) business schools survey which ranks the top 100 business schools <a
name=3D"OLE_LINK1">EMBA </a>(Executive Masters in Business) programs, for t=
he
2008 year.<span style=3D'mso-spacerun:yes'>&nbsp; </span>This survey ranking
figures show the changes in the survey year to year, the pattern of cluster=
ing
among the schools is also significant. Some 185 points separate the top sch=
ool
from the school ranked 100 in the 2008 ranking. The top 15 schools, from the
Wharton School of the University of Pennsylvania to the Tuck School of Busi=
ness
at Dartmouth College, form the leading group of world class business school=
s.
Some 63 points separate Wharton from Tuck. The second group is headed by Ya=
le
School of Management which scored 50 points more than the Tanaka Business
School of Imperial College London, leader of the third group. The fourth gr=
oup
is headed by Eller College of Management of the University of Arizona and
includes schools ranked from 57 to 100. Some 40 points separate these 44
schools.&#8221;<span style=3D'mso-spacerun:yes'>&nbsp; </span>Following is =
an
edited explanation and discussion of the questions in the survey, and the
definitions of their calculations.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>What=
 is not
so clear is which variables are the most significant<span
style=3D'mso-spacerun:yes'>&nbsp; </span>in this sample of MBA programs and=
 which
of these variables is generalizable to the entire population of MBA program=
s,
for the purpose of forecasting the salary.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:24.0pt;line-height:115%;font-=
family:
"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"'>Gain in Pay
That May Be Due To the Acquisition of The MBA</span><span style=3D'font-siz=
e:
22.0pt;line-height:115%'><o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0 wi=
dth=3D114
 style=3D'width:114.0pt;border-collapse:collapse;mso-yfti-tbllook:1184;
 mso-padding-alt:0in 0in 0in 0in'>
 <tr style=3D'mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes;
  height:14.0pt'>
  <td width=3D114 nowrap valign=3Dbottom style=3D'width:114.0pt;padding:0in=
 0in 0in 0in;
  height:14.0pt'></td>
 </tr>
</table>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'><span
style=3D'mso-spacerun:yes'>&nbsp;</span></span><span style=3D'font-size:22.=
0pt;
font-family:"Arial","sans-serif"'>Salary today ($) is t</span><span
style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";mso-fareast-font=
-family:
"Times New Roman"'>he average alumni salary three years after graduation. (=
The
2008 ranking surveyed the MBA class that graduated in 2004). This figure
includes alumni salary data for the current year and the one or two precedi=
ng
years, where available. The figure is NOT used in the ranking.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>We have included it in our model, =
since
it is a very significant factor in forecasting the ranking.<o:p></o:p></spa=
n></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'>Weighted sal. ($) is the average
alumni salary today with adjustment for salary variations between industry
sectors. This figure includes data for the current year and the one or two
preceding years where available.<span style=3D'mso-spacerun:yes'>&nbsp; </s=
pan>We
have removed it from the model due to its correlation with other salary
variables.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Likewise, it takes=
 a bit
of calculation to derive at this figure, which may complicate the user work=
 too
much.<span style=3D'mso-spacerun:yes'>&nbsp; </span>We have excluded it fro=
m the
independent variables list since it is too dependent on Salary Inc (%).<o:p=
></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:24.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'>Salary inc. (%) is the percentage
increase in average alumni salary from before the MBA to today as a percent=
age
of the pre-MBA salary. This figure includes data for the current year and t=
he
one or two preceding years where available.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>In other words it is the Gain in p=
ay
that may be due to the acquisition of the MBA.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This figure may be difficult to ca=
lculate,
but at the same time may be worthwhile for school to advertize, especially =
if
it is competitive.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Such compe=
titive
gain in salary due to the MBA in a particular school may attract better
students to such a school, raising its over-all performance.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This is the single most statistica=
lly
significant variable in the entire list.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'>Value is calculated using the sa=
lary
earned by alumni today, course length, fees and other costs, including the
opportunity cost of not working for the duration of the course.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This turned out to be one of the
insignificant variables that had a positive effect on the Ranking making th=
em
worse (higher score).<span style=3D'mso-spacerun:yes'>&nbsp; </span>It may
represent excessively costly proposition that affects adversely the Ranking=
.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Likewise, this variable is statist=
ically
insignificant affect on salary.<span style=3D'mso-spacerun:yes'>&nbsp; </sp=
an>It
is possible that it is somewhat too subjective.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:26.0pt;font-family:"Arial","sans-serif"'><=
o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:26.0pt;font-family:"Arial","sans-serif"'><=
o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:26.0pt;font-family:"Arial","sans-serif"'>C=
areers</span><span
style=3D'font-size:24.0pt;font-family:"Arial","sans-serif";mso-fareast-font=
-family:
"Times New Roman"'> is calculated according to changes in the level of
seniority and the size of the company alumni are working in now versus befo=
re
their MBA. Data for the current year and the one or two preceding years are
included where available</span><span style=3D'font-size:22.0pt;font-family:=
"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'>. This is also an insignificant
variable with an adverse effect on ranking.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>It may be due to excessive seniori=
ty,
which may be too close to senior citizens, and thus leading or reaching the
point of diminishing returns.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif"'><=
o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif"'>C=
areers
has also insignificant impact on Salary, it may be that company do not
differentiate between alumni that remain with the company after getting the
MBA, and new MBAs that did not work for the company prior to the MBA progra=
m.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif"'><=
o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif"'><=
o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:24.0pt;font-family:"Arial","sans-serif"'>A=
ims
achieved</span><span style=3D'font-size:22.0pt;font-family:"Arial","sans-se=
rif";
mso-fareast-font-family:"Times New Roman"'> the extent to which alumni
fulfilled their goals or reasons for doing an MBA.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This has been also an insignificant
variable.<span style=3D'mso-spacerun:yes'>&nbsp; </span>It may be that it is
somewhat more subjective and therefore the variance may have been too high =
and
too inconsistent.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:24.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'>Placements refer to a</span><span
style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";mso-fareast-font=
-family:
"Times New Roman"'>lumni who used the careers service at their business sch=
ool
were asked to rank its effectiveness in their job search. This figure inclu=
des
data for the current year and the one or two preceding years where availabl=
e.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This is one of the insignificant
variables, indicating lower reliance of placement services among students in
the better schools.<span style=3D'mso-spacerun:yes'>&nbsp; </span>It may se=
rve as
a warning to schools that are trying to improve but are now way below the t=
op
schools to invest in placement services, since their students may need to r=
ely
on them more compared to the top schools.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'>Employment is the percentage of =
the
most recent graduating class that had found employment or accepted a job of=
fer
within three months of graduation. The figure in brackets is the percentage=
 of
the class for which the school was able to provide employment data.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>We have excluded this variable fro=
m the
model due to low and insignificant contribution.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Again, this may be due to the
inconsistency of the data that school can provide about the employment of t=
heir
alumni.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:24.0pt;line-height:115%'>Reco=
mmends<span
style=3D'mso-spacerun:yes'>&nbsp; </span>deals with where the alumni would
recommend hiring new recruits.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>Alumni</span><span style=3D'font-size:24.0pt;line-height:115%;font-f=
amily:
"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"'> were asked=
 to
name three business schools from which they would recruit MBA graduates. The
ranking is calculated according to the number of votes for each school. Data
for the current year and the one or two preceding years are included where
available.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Not surprisingly, =
this
variable was significant, we suspect that it is due to the subjective natur=
e of
such variable, but we are surprised by it negative effect.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Why would it have a negative effec=
t on
salary, may be because the companies like to discourage nepotism, and like =
to
promote diversity.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Or it is
possible that since the employee like to work with their friends, they take=
 a
hit in pay for the privilege to work with their old bodies.<o:p></o:p></spa=
n></p>

<p class=3DMsoNormal><span style=3D'font-size:24.0pt;line-height:115%;font-=
family:
"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;=
</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:24.0pt;line-height:115%;font-=
family:
"Arial","sans-serif";mso-fareast-font-family:"Times New Roman";background:y=
ellow;
mso-highlight:yellow'>Protected Categories for the Purpose of the US EEOC</=
span><span
style=3D'font-size:24.0pt;line-height:115%'><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:24.0pt;line-height:115%;font-=
family:
"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"'>The followi=
ng categories
are protected categories for the purpose of the US EEOC (United States Equal
Employment Opportunity Commission).<span style=3D'mso-spacerun:yes'>&nbsp;
</span>Therefore, they may be subject to anti-discrimination policies, and
litigations, and especially class action lawsuits.</span><span
style=3D'font-size:24.0pt;line-height:115%'><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'>Since sex discrimination is ille=
gal
in the US, discriminating against women students, faculty and board members,
may also be illegal, and may apply to the following category of variables.<=
span
style=3D'mso-spacerun:yes'>&nbsp; </span>Wom. Faculty is the percentage of =
female
or women faculty.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Wom. Studen=
ts,
and Board is the percentage of female students and board members, respectiv=
ely.</span><span
style=3D'font-size:22.0pt'> Therefore, for female faculty and board members=
, for
example, the statistical significance of this variable may indicate the
existence of discrimination on the basis of sex regarding faculty, students,
and board members, which is illegal in the US.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>On the other hand, it may also ind=
icate
the return to diversity or compliance with the law in terms of increasing t=
he
salary of MBA students and alumni due to the diversity.</span><span
style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";mso-fareast-font=
-family:
"Times New Roman"'><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Much=
 like
sex discrimination, discriminating against students, faculty and board memb=
ers
because of their national origin may also be illegal.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Therefore, the following variables=
 are
interesting from an EEOC litigation support view-point.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Intl. faculty, Students and Board =
is the
percentage of faculty, students and board members, whose citizenship differs
from their country of employment.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>So if I am a student in the US and my citizenship is Israeli, I shou=
ld
be included in Int. student category.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>In general, this refers to foreign faculty, students, and board memb=
ers,
as opposed to their domestic counter parts.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Therefore, for US faculty and board
members, for example, the statistical significance of this variable may
indicate the existence of discrimination on the basis of national origin
regarding faculty, students, and board members.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Likewise, it may indicate the retu=
rn to
diversity, in the current case, all these variables have a positive
contribution to the salary.<span style=3D'mso-spacerun:yes'>&nbsp; </span>A=
ll of
these variables have a positive X Coefficient.<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><b style=3D'mso-bidi-font-weight:normal'><span style=3D'font-size:2=
2.0pt;
font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"'=
>Intl.
mobility is calculated according to whether alumni worked in different
countries before the MBA, on graduation and also where they are employed to=
day.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This variable has an adverse effec=
t on
the ranking.<span style=3D'mso-spacerun:yes'>&nbsp; </span>It may be due to=
 the
fact that these students could not find a job in the vicinity of their scho=
ol
and had to travel to foreign lands.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>It is also possible that the best schools provided more opportunities
not forcing their graduate to migrate to remote locations as it relates to =
the
location of the schools or different countries.<o:p></o:p></span></b></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><b style=3D'mso-bidi-font-weight:normal'><span style=3D'font-size:2=
2.0pt;
font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"'=
><o:p>&nbsp;</o:p></span></b></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><b style=3D'mso-bidi-font-weight:normal'><span style=3D'font-size:2=
2.0pt;
font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"'=
><o:p>&nbsp;</o:p></span></b></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Languages are the Number of extra
languages required on completion of the MBA. Where a proportion of students
require a further language due to an additional diploma, that figure is
included in the calculations but not presented in the final table. PhD facu=
lty
shows whether these schools run additional courses for MBA students for whi=
ch
additional language skills are required. These figures are included in the
calculations for the ranking but are not represented on the table to avoid
confusion.<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>PhD rank is =
the
percentage of faculty with a doctoral degree. The language turns to be an
insignificant variable and it may be due to the fact that English has become
the facto business language.<span style=3D'mso-spacerun:yes'>&nbsp; </span>=
So if
a business man knows additional language it may be helpful, but not as
significant as it used to be, when fewer business people spoke English. <o:=
p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><span style=3D'mso-tab-count:2'>&n=
bsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
; </span><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Research is calculated according t=
o the
number of doctoral graduates from each business school during the past three
years. Additional points are given if these doctoral graduates took up facu=
lty
positions at one of the top 50 full-time MBA schools of 2007.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>This is calculated according to the
number of faculty publications in 40 international academic and practitioner
journals. Points are awarded to the business school at which the author is
currently employed. The total is weighted for faculty size.<span
style=3D'mso-tab-count:1'> </span><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Research turns to be insignificant=
 and
have a negative effect on Salary.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>We have been surprised by this variable.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>However, academic and some of the
practitioner journal articles that academic write are notorious for being
irrelevant to the market-place, hence the saying that &#8220;this may be on=
ly a
moot academic debate&#8221; and therefore irrelevant for any practical
purposes.<span style=3D'mso-tab-count:1'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p; </span><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Another problem may be with the
selection of only 40 journals, which does not represent properly the full s=
cope
of the research and focuses too much on the portion that may be excessively
theoretical with too little practical impact on EMBA students.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>It is also possible the faculty
indulgence in such research can be detrimental and at the expense of practi=
cal
degrees, such as EMBAs.<span style=3D'mso-spacerun:yes'>&nbsp; </span><o:p>=
</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Faculty members that focus too muc=
h on
such research, may not have the time and energy to deal with issues of teac=
hing
effectively and keeping up with the business practices.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Therefore, their impact on the EMB=
A may
be marginal if not adversarial. <span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;</span>It is possible that these
researchers lose touch with the business practices and have negative impact=
 on
the salary of the alumni.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Char=
t 1<o:p></o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:18.0pt;line-height:115%'>Char=
t 1-</span><b><span
style=3D'font-size:18.0pt;line-height:115%;font-family:"Times New Roman","s=
erif";
mso-fareast-font-family:"Times New Roman";color:black;mso-font-kerning:12.0=
pt'>
describes the </span></b><b><span style=3D'font-size:18.0pt;line-height:115=
%'>Salary
today ($) and the Residual Plot distribution about the horizontal access.<s=
pan
style=3D'mso-spacerun:yes'>&nbsp; </span>It show that the residual distribu=
te
normally about the zero level of statistically <o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'><=
o:p>&nbsp;</o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'>A=
ppendix
1 shows how chart 1 has been calculated for the set of the 1<sup>st</sup>
records.<span style=3D'mso-spacerun:yes'>&nbsp; </span>It shows that the
residuals are about normally distributed and thus they comply with the
regression assumptions of randomly distributed residuals, with a mean of ab=
out
zero.<o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'><=
o:p>&nbsp;</o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'>B=
uilding
A Univariate Regression Model to Forecast Salary<o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'>T=
his time
we forecast the Salary as a function of Media Rankings, in this case the FT
rankings.<span style=3D'mso-spacerun:yes'>&nbsp; </span>We excluded it from=
 the
multivariate model due to the insignificant contribution of the variable.<s=
pan
style=3D'mso-spacerun:yes'>&nbsp; </span>It may be due to the dependency or=
 high correlations
with all the other variables.<span style=3D'mso-spacerun:yes'>&nbsp; </span=
>At
any rate it is significant a single variable in a univariate model, and
therefore, it is important to consider it.<span style=3D'mso-spacerun:yes'>=
&nbsp;
</span>Much like Table 1, Table 1a shows how we are building a univariate
regression model to forecast salary.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>Following is a logical symbolic description of the model, and its mo=
re
specific mathematical model using the actual variable names:<o:p></o:p></sp=
an></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'><=
span
style=3D'mso-tab-count:3'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&=
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'>Y=
_DepVar2=3Df(Constant+X_IndepVar_1)<span
style=3D'mso-tab-count:11'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp; </span><o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'>S=
alary
today ($)=3Df(Intercept+3 yr. rank)<span style=3D'mso-tab-count:1'>&nbsp;&n=
bsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'>T=
able 1 a<o:p></o:p></span></b></p>

<table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0 wi=
dth=3D268
 style=3D'width:268.4pt;margin-left:5.4pt;border-collapse:collapse;mso-yfti=
-tbllook:
 1184;mso-padding-alt:0in 5.4pt 0in 5.4pt'>
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  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
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e-height:
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">
   <v:imagedata src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_L=
AWSUIT_DIVERSITY_AUDIT_files/image009.png"
    o:title=3D""/>
   <o:lock v:ext=3D"edit" aspectratio=3D"f"/>
  </v:shape><![endif]--><![if !vml]><span style=3D'mso-ignore:vglayout;
  position:relative;z-index:1'><span style=3D'position:absolute;left:-1px;
  top:-1px;width:4px;height:3px'><img width=3D4 height=3D3
  src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAWSUIT_DIVERSI=
TY_AUDIT_files/image010.gif"
  v:shapes=3D"Chart_x0020_2"></span></span><![endif]><span style=3D'font-si=
ze:16.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'><o:p>&nbsp;</o:p></span></p>
  <br style=3D'mso-ignore:vglayout' clear=3DALL>
  <table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0
   style=3D'mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt:0in 0=
in 0in 0in'>
   <tr style=3D'mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes;
    height:14.0pt'>
    <td width=3D108 nowrap valign=3Dbottom style=3D'width:1.5in;padding:0in=
 0in 0in 0in;
    height:14.0pt'>
    <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;
    line-height:normal'><span style=3D'font-size:16.0pt;font-family:"Arial"=
,"sans-serif";
    mso-fareast-font-family:"Times New Roman"'>SUMMARY OUTPUT<o:p></o:p></s=
pan></p>
    </td>
   </tr>
  </table>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:16.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Table 1 a<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:1;height:15.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:2;height:14.0pt'>
  <td width=3D212 nowrap colspan=3D2 valign=3Dbottom style=3D'width:211.6pt=
;border-top:
  solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.=
0pt;
  border-right:none;mso-border-top-alt:solid windowtext 1.0pt;mso-border-bo=
ttom-alt:
  solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:16.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>Regression
  Statistics<o:p></o:p></span></i></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:3;height:14.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:16.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Multiple R<o:p></o:p></span></=
p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:16.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.771835427<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:4;height:14.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:16.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>R Square<o:p></o:p></span></p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:16.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.595729927<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:5;height:14.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:16.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Adjusted R Square<o:p></o:p></=
span></p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:16.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.590676551<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:6;height:14.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:16.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Standard Error<o:p></o:p></spa=
n></p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:16.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>14268.96984<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:7;mso-yfti-lastrow:yes;height:15.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:1=
5.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:16.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Observations<o:p></o:p></span>=
</p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:1=
5.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:16.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>82<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
 </tr>
</table>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'><=
span
style=3D'mso-tab-count:10'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'><=
o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'>S=
UMMARY
OUTPUT,<span style=3D'mso-spacerun:yes'>&nbsp; </span>Table 1 a, shows the =
Regression
Statistics, with Multiple R of 0.771835427, R Square, of 0.595729927, and A=
djusted
R Square of 0.590676551, for the MBA programs that had complete records for=
 the
past 3 years, excluding incomplete records, for a total of 82 Observations,=
 for
the top 82<span style=3D'mso-tab-count:1'> </span>MBA schools.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>It shows that the ranking can fore=
cast
the salary by about 60% accuracy, explaining why the ranking are so importa=
nt.<o:p></o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'><=
o:p>&nbsp;</o:p></span></b></p>

<p class=3DMsoNormal><b><span style=3D'font-size:18.0pt;line-height:115%'>T=
able 2a<o:p></o:p></span></b></p>

<table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0 wi=
dth=3D454
 style=3D'width:453.65pt;margin-left:5.4pt;border-collapse:collapse;mso-yft=
i-tbllook:
 1184;mso-padding-alt:0in 5.4pt 0in 5.4pt'>
 <tr style=3D'mso-yfti-irow:0;mso-yfti-firstrow:yes;height:14.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D63 nowrap valign=3Dbottom style=3D'width:62.85pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:1;height:15.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:15.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>ANOVA<o:p></o:p></span></p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:15.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Table 2 a<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D63 nowrap valign=3Dbottom style=3D'width:62.85pt;padding:0in =
5.4pt 0in 5.4pt;
  height:15.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:2;height:14.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;border-top:=
solid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>&nbsp;<o:p></o:p></span></i></p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;border-top:=
solid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>df<o:p></o:p></span></i></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>SS<o:p></o:p></span></i></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>MS<o:p></o:p></span></i></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>F<o:p></o:p></span></i></p>
  </td>
  <td width=3D63 nowrap valign=3Dbottom style=3D'width:62.85pt;border-top:s=
olid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>Significance
  F<o:p></o:p></span></i></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:3;height:14.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Regression<o:p></o:p></span></=
p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>2.4E+10<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>2.4E+10<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>117.8875<o:p></o:p></span></p>
  </td>
  <td width=3D63 nowrap valign=3Dbottom style=3D'width:62.85pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>2.11E-17<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:4;height:14.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Residual<o:p></o:p></span></p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>80<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.63E+10<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>2.04E+08<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D63 nowrap valign=3Dbottom style=3D'width:62.85pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:5;height:15.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:1=
5.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Total<o:p></o:p></span></p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:1=
5.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>81<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>4.03E+10<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p>
  </td>
  <td width=3D63 nowrap valign=3Dbottom style=3D'width:62.85pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:1=
5.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:6;height:15.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:1=
5.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>X Variable 1<o:p></o:p></span>=
</p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D63 nowrap valign=3Dbottom style=3D'width:62.85pt;padding:0in =
5.4pt 0in 5.4pt;
  height:15.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:7;height:14.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;border:none;
  border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowte=
xt .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>&nbsp;<o:p></o:p></span></i></p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;border-top:=
solid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>Coefficients<o:p></o:p></span></i></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>Standard
  Error<o:p></o:p></span></i></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>t
  Stat<o:p></o:p></span></i></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>P-value<o:p></o:p></span></i></p>
  </td>
  <td width=3D63 nowrap valign=3Dbottom style=3D'width:62.85pt;border-top:s=
olid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal align=3Dcenter style=3D'margin-bottom:0in;margin-bot=
tom:.0001pt;
  text-align:center;line-height:normal'><i><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>Lower
  95%<o:p></o:p></span></i></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:8;height:14.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Intercept<o:p></o:p></span></p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>145594.2537<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>3149.593<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>46.22638<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.78E-59<o:p></o:p></span></p>
  </td>
  <td width=3D63 nowrap valign=3Dbottom style=3D'width:62.85pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>139326.4<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:9;height:15.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:15.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>3 yr. rank<o:p></o:p></span></=
p>
  </td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:1=
5.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-668.31346<o:p></o:p></span></p>
  </td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>61.55259<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-10.8576<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;border:none;b=
order-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>2.11E-17<o:p></o:p></span></p>
  </td>
  <td width=3D63 nowrap valign=3Dbottom style=3D'width:62.85pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:1=
5.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-790.807<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:10;mso-yfti-lastrow:yes;height:14.0pt'>
  <td width=3D109 nowrap valign=3Dbottom style=3D'width:108.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D103 nowrap valign=3Dbottom style=3D'width:102.8pt;padding:0in=
 5.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D66 nowrap valign=3Dbottom style=3D'width:65.6pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D63 nowrap valign=3Dbottom style=3D'width:62.85pt;padding:0in =
5.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
</table>

<p class=3DMsoNormal><span style=3D'font-size:18.0pt;line-height:115%'><o:p=
>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>The 2<sup>nd</sup> part of table 2=
 a
rejects the null hypothesis for both the entire model and the individual
variable of 3 yr. rank as a predictor of the MBA salary.<o:p></o:p></span><=
/p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Chart 3<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

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v:shapes=3D"Chart_x0020_34"><![endif]></span><span style=3D'font-size:22.0p=
t'><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Chart 3 plots the Rank of the Resi=
duals,
or errors demonstrating the compliance with the linear regression assumptio=
n of
residuals that are randomly distributed around the average line of 0, zero
errors, so in the long run they will average about zero.<o:p></o:p></span><=
/p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Chart 3<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

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SUIT_DIVERSITY_AUDIT_files/image013.png"
  o:title=3D"" cropbottom=3D"-43f"/>
 <o:lock v:ext=3D"edit" aspectratio=3D"f"/>
</v:shape><![endif]--><![if !vml]><img border=3D0 width=3D607 height=3D311
src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAWSUIT_DIVERSITY=
_AUDIT_files/image014.gif"
v:shapes=3D"Chart_x0020_35"><![endif]></span><span style=3D'font-size:22.0p=
t'><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Chart 3 shows the Normal Probabili=
ty
distribution Plot, demonstrating compliance with the regression assumption =
of a
normal distribution.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Such a
distribution should appear about like half of a bell shaped curve, as is the
case in the present model.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Building a Univariate Non-linear
Regression Model and the Consistent Superiority of the Polynomial over the
Linear Model<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>FORECASTING THE CURRENT SALARY AS A
FUNCTION OF THE RANKING FOR 1 CURRENT PERIOD- A CROSS SECTIONAL ANALYSIS.<o=
:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Our hypothesis is that as the Rank=
ing
goes down, or becomes better (with 1 being the top ranked MBA), the salary
becomes larger.<span style=3D'mso-spacerun:yes'>&nbsp; </span>In other word=
s,
there is a negative mathematical relationship between the ranking and the
salary.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>This is a cross sectional analysis=
, in
which we are using one period of time, in our case year 2008 media rankings,
data only.<span style=3D'mso-spacerun:yes'>&nbsp; </span>In the next analys=
is, we
will apply a time-series approach using multiple year data, to see whether =
the
same holds true over several years.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Chart 3a<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

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src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAWSUIT_DIVERSITY=
_AUDIT_files/image016.gif"
v:shapes=3D"Chart_x0020_36"><![endif]></span><span style=3D'font-size:22.0p=
t'><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Chart 3a demonstrates how we are
building a univariate non-linear regression model and the consistent
superiority of the polynomial over the linear model.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Chart 3 shows both the univariate =
linear
and polynomial equation and R squares as follows:<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Linear Model:<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>y =3D -598.1x + 14295<o:p></o:p></=
span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>R&sup2; =3D 0.595, and its counter=
part the<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Polynomial Model:<o:p></o:p></span=
></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>y =3D 1E-05x6 - 0.003x5 + 0.392x4 -
21.17x3 + 560.5x2 - 7792.x + 17989<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>R&sup2; =3D 0.723.<o:p></o:p></spa=
n></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>The gain of about 20% in the R squ=
are of
the least squares method (regression method) illustrates the superiority of=
 the
polynomial model over the linear model in predicting the 2008 ranking of the
MBAs as a function of the Salary, of the top 100 programs.<o:p></o:p></span=
></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Chart 4<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

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<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>FORECASTING THE CURRENT SALARY AS A
FUNCTION OF THE RANKING FOR 3 LAST PERIODS- A CROSS SECTIONAL AND TIME-SERI=
ES
ANALYSIS.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Chart 4 demonstrates how we are
forecasting the current salary as a function of the ranking for 3 last peri=
ods-
a cross sectional and time-series analysis.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>We are producing linear and polyno=
mial
models much like the previous cross-sectional analysis.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Following are the functions and th=
e R
squares of the models respectively:<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Linear Model:<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>y =3D -725.3x + 14608<br>
R&sup2; =3D 0.599 <o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Polynomial Model (of the 2<sup>nd<=
/sup>
degree):<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>y =3D 14.05x<sup>2</sup> - 1891.x =
+ 16241<br>
R&sup2; =3D 0.700 <o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Chart 5<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

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 <v:imagedata src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAW=
SUIT_DIVERSITY_AUDIT_files/image019.png"
  o:title=3D"" cropbottom=3D"-61f"/>
 <o:lock v:ext=3D"edit" aspectratio=3D"f"/>
</v:shape><![endif]--><![if !vml]><img border=3D0 width=3D712 height=3D361
src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAWSUIT_DIVERSITY=
_AUDIT_files/image020.gif"
v:shapes=3D"Chart_x0020_38"><![endif]></span><span style=3D'font-size:22.0p=
t'><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Linear Model:<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>y =3D -725.3x + 14608<br>
R&sup2; =3D 0.599 <o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Polynomial Model (of the 6<sup>th<=
/sup>
degree):<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>y =3D 3E-05x<sup>6</sup> - 0.006x<=
sup>5</sup>
+ 0.584x<sup>4</sup> - 24.33x<sup>3</sup> + 509.6x<sup>2</sup> - 6669.x + 1=
7865<br>
R&sup2; =3D 0.745 <o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>The six degree produced a gain of =
about
.045 in the R square, raising it to .745 from about .7, as we can see in Ch=
art
5.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>While the linear model remains abo=
ut the
same comparing the cross sectional analysis of 100 top MBAs, the polynomial
improves due to the addition of prior time-series data, from the previous
time-series, for the top 82 schools (dropping 18=3D100-82 schools due to
insufficient data).<span style=3D'mso-spacerun:yes'>&nbsp; </span>This show=
s that
the added years are more important than the lost universities due to incomp=
lete
data.<span style=3D'mso-spacerun:yes'>&nbsp; </span>So the conclusion is th=
at
whenever we can use both cross-sectional and time-series data if they are
available, and even if we have to drop some observations, as long as enough
observations remain.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>For the future, we can build better
models adding additional independent<span style=3D'mso-spacerun:yes'>&nbsp;
</span>predictor variables to forecast the salary as a function of MBA
ranking.<span style=3D'mso-spacerun:yes'>&nbsp; </span>This is of special s=
ignificance
for setting standard of salary and compliance with a variety of domestic and
international regulations.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Th=
is is
beyond the scope of the current study, but will definitely deserve some fur=
ther
attention.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Summary, Conclusions and Implicati=
ons<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>In summary, we have built a multip=
le
linear regression model to forecast the salary of EMBA program alumni.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Lawyers and auditors can use the m=
odel
to conduct a legal audit to see whether any discrimination and especially
illegal discrimination exists.<span style=3D'mso-spacerun:yes'>&nbsp; </spa=
n>The
forensic auditor can apply the function to all the employees with MBA to es=
tablish
a standard MBA salary.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Furthe=
rmore,
they can see if there is a significant departure from that standard, especi=
ally
if this departure does not comply with the law.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>For example if the protected categ=
ories
of MBAs are paid significantly less the average of the industry and the com=
pany
compared to the rest of the employees, this may trigger an alert for possib=
le
illegal discrimination.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Moreo=
ver,
if such lawsuits exist, then such models can be used by a forensic accounti=
ng
expert witness audit, and for computer litigation support and assessment of=
 the
damages.<span style=3D'mso-spacerun:yes'>&nbsp; </span>We can calculate the=
 gap
between the actual sub-standard salaries and the standard and estimate the
damages due to the illegal discrimination.<span style=3D'mso-spacerun:yes'>=
&nbsp;
</span>These gaps will be the basis for calculating the damages and the
compensations that the discriminating employer should pay to the plaintiffs=
.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Business schools can use such a mo=
del to
assess their EMBA ranking prior to the official ranking agencies such as the
Financial Times, AACSB, and others. <span
style=3D'mso-spacerun:yes'>&nbsp;</span>We have found that the higher the s=
alary
of the alumni, the higher the media rank of the MBA program and the business
school.<span style=3D'mso-spacerun:yes'>&nbsp; </span><span
style=3D'mso-spacerun:yes'>&nbsp;</span>Accordingly, business school decisi=
on
makers can make better decisions concerning planning, hiring, firing,
budgeting, and retaining employees and faculty members.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Likewise, students can use such a =
model
to assess the ranking of prospective enrollment in a certain EMBA program.<=
o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>We have added salary forecasting m=
odels
in addition to the ranking forecasts.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>We have tested linear and non-linear least squares univariate and
multivariate least squares regression analysis, as well as linear and polyn=
omial
models.<span style=3D'mso-spacerun:yes'>&nbsp; </span>All our models were s=
tatistically
significant, demonstrating the consistent superiority of the curvilinear mo=
del
compared to the linear model.<span style=3D'mso-spacerun:yes'>&nbsp; </span=
>We
have regressed Salary on both independent variables, on a group of variable=
s excluding
media rankings, and as function of the media rankings.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>In conclusion, our analysis shows =
that
some variables are statistically significant and thus we can reject the null
hypothesis stating that their affect on ranking is zero or close to zero.<s=
pan
style=3D'mso-spacerun:yes'>&nbsp; </span>At the .05 Level statistical
significance we have rejected the null hypotheses with regard to some varia=
ble
Variables.<span style=3D'mso-spacerun:yes'>&nbsp; </span>We have rejected t=
hese
significant variables (X), in order of their statistical significance
(P-value): Salary inc. (%), Recommends, Women Students, International Stude=
nts,
International Faculty.<span style=3D'mso-spacerun:yes'>&nbsp; </span><span
style=3D'mso-spacerun:yes'>&nbsp;</span>In contrast we have not rejected th=
e null
hypothesis with regard to other variables, which we included in the model,
since they contributed to the overall R-Square.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>These Insignificant variables incl=
ude: <span
style=3D'mso-spacerun:yes'>&nbsp;</span>Research, Value, Careers, Internati=
onal
course, International board and Aims achieved.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>We have removed the rest of the
variables from the model due to lowest significance, auto-correlation,
dependence among independent variables and the lowest contribution to the
overall R-Square.<span style=3D'mso-tab-count:1'>&nbsp;&nbsp;&nbsp;&nbsp; <=
/span><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>The implications of our work inclu=
de the
direction of EMBA program to focus on the most significant variables.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Students, their sponsors, lawyers,
auditors, expert witnesses as well as school will look carefully at the
financial gain that students will experience due to the enrollment in an EM=
BA
program.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>Such issues may relate to the sala=
ry
increment (Salary inc. (%)), <span style=3D'mso-spacerun:yes'>&nbsp;</span>=
and
the current salary (Salary today ($)).<span style=3D'mso-spacerun:yes'>&nbs=
p;
</span>Likewise, alumni salaries will play a more important role in term of
hiring faculty members, and promoting them to teach in MBA programs, over
instructors that are not terminally qualified, instructors with only master=
s&#8217;
degrees.<span style=3D'mso-spacerun:yes'>&nbsp; </span>Similarly, schools w=
ill
invest more in placement (Placements) centers that will help students find
proper employment.<span style=3D'mso-spacerun:yes'>&nbsp; </span>With the
globalization of trade international mobility of the graduating student will
play a more important role in such MBA programs (Intl. mobility).<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Diversification will also play a m=
ore
important role in terms of female faculty members ( Wom. Faculty) as well as
female board of director (Wom. Board) members as well as international stud=
ents
(Intl. students).<span style=3D'mso-spacerun:yes'>&nbsp; </span>Thus it see=
ms
like diversification policies, and compliance with anti-discrimination laws=
 in
the US, including compliance with the EEOC, will continue to lead to affect
ranking policies.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>In the future,<span
style=3D'mso-spacerun:yes'>&nbsp; </span>additional studies may examine more
closely the relations between salary, gender and origin anti-discrimination
compliance and class action employment and labor law lawsuits.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Such studies may help determine th=
e extent
of such discrimination, and the damages that may result.<o:p></o:p></span><=
/p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>We h=
ave
reviewed the some issues related to the negative and statistically signific=
ant Wom.
Faculty,<span style=3D'mso-spacerun:yes'>&nbsp; </span>Wom. Board, and Intl.
students.<span style=3D'mso-spacerun:yes'>&nbsp;&nbsp; </span>All of them
describe protected categories by the US EEOC (United States Equal Employment
Opportunity Commission) regulations.<span style=3D'mso-spacerun:yes'>&nbsp;
</span>This may have far reaching impact on anti-discrimination compliance =
and
litigation, which are beyond the scope of the present study.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>In the future, it may be interesti=
ng to
develop a model to support such analysis of anti-discrimination forensic
accounting expert witness testimony and computer litigation support.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Such models will help forecast the
salary of certain MBA graduates to alert the analyst and auditor to the lev=
el
of compliance with anti-discrimination policies.<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Likewise, this will assist in liti=
gation
support in cases of employment and labor discrimination and damage
calculations.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>In the future additional automated
methodologies for diversity promotion and compliance should be incorporated
into the organizational systems, and integrated into accounting and ERP.<sp=
an
style=3D'mso-spacerun:yes'>&nbsp; </span>This will improve diversity and it=
 may
also raise the salary of MBA and their productivity that must be linked to =
the
marketplace salary.<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal><span style=3D'font-size:22.0pt;line-height:115%'>Char=
t 1-</span><b><span
style=3D'font-size:18.0pt;line-height:115%;font-family:"Times New Roman","s=
erif";
mso-fareast-font-family:"Times New Roman";color:black;mso-font-kerning:12.0=
pt'>
</span></b><b><span style=3D'font-size:22.0pt;line-height:115%'>Salary today
($)<span style=3D'mso-spacerun:yes'>&nbsp; </span>Residual Plot</span></b><=
span
style=3D'font-size:22.0pt;line-height:115%'><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

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normal'><span style=3D'font-size:22.0pt;mso-no-proof:yes'><!--[if gte vml 1=
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LnhtbFBLBQYAAAAABwAHAMsBAADuEgAAAAA=3D
">
 <v:imagedata src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAW=
SUIT_DIVERSITY_AUDIT_files/image021.png"
  o:title=3D""/>
 <o:lock v:ext=3D"edit" aspectratio=3D"f"/>
</v:shape><![endif]--><![if !vml]><img border=3D0 width=3D676 height=3D415
src=3D"3-HTML_MBA_SALARY_FORECAST-EEOC_LABOR_CLASS_ACTION_LAWSUIT_DIVERSITY=
_AUDIT_files/image022.gif"
v:shapes=3D"Chart_x0020_1"><![endif]></span><span style=3D'font-size:22.0pt=
'><o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0 wi=
dth=3D538
 style=3D'width:537.5pt;margin-left:5.4pt;border-collapse:collapse;mso-yfti=
-tbllook:
 1184;mso-padding-alt:0in 5.4pt 0in 5.4pt'>
 <tr style=3D'mso-yfti-irow:0;mso-yfti-firstrow:yes;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>Appendix 1<o:p></o:p></span></=
p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:1;height:14.0pt'>
  <td width=3D169 nowrap colspan=3D2 valign=3Dbottom style=3D'width:169.0pt=
;padding:
  0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>RESIDUAL OUTPUT<o:p></o:p></sp=
an></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D146 nowrap colspan=3D2 valign=3Dbottom style=3D'width:145.6pt=
;padding:
  0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><span style=3D'font-size:10.0pt;font-family:"Arial","sans-serif";
  mso-fareast-font-family:"Times New Roman"'>PROBABILITY OUTPUT<o:p></o:p><=
/span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:2;height:15.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:15.0pt'></td>
 </tr>
 <tr style=3D'mso-yfti-irow:3;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><i><span style=3D'font-size:10.0pt;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:"Times New Roman"'>Observation<o:p></o:p></span><=
/i></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><i><span style=3D'font-size:10.0pt;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:"Times New Roman"'>Predicted Rank '08<o:p></o:p><=
/span></i></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><i><span style=3D'font-size:10.0pt;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:"Times New Roman"'>Residuals<o:p></o:p></span></i=
></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><i><span style=3D'font-size:10.0pt;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:"Times New Roman"'>Standard Residuals<o:p></o:p><=
/span></i></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><i><span style=3D'font-size:10.0pt;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:"Times New Roman"'>Percentile<o:p></o:p></span></=
i></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;border-top:so=
lid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  mso-border-top-alt:solid windowtext 1.0pt;mso-border-bottom-alt:solid win=
dowtext .5pt;
  padding:0in 5.4pt 0in 5.4pt;height:14.0pt'>
  <p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;lin=
e-height:
  normal'><i><span style=3D'font-size:10.0pt;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:"Times New Roman"'>Rank '08<o:p></o:p></span></i>=
</p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:4;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-8.326084951<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>9.326084951<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.078499285<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:5;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>2<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-7.315445342<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>9.315445342<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.077268885<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>2<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:6;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>3<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-11.1883319<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>14.1883319<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.640785591<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>2.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>3<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:7;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>4<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-0.111194342<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>4.111194342<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.4754321<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>3.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>4<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:8;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>5<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>4.502681222<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.497318778<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.057511587<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>4.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>5<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:9;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>6<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>8.391331401<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-2.391331401<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-0.27654147<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>5.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>6<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:10;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>7<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-6.957230309<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>13.95723031<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.614060239<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>6.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>7<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:11;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>8<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-10.33124374<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>18.33124374<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>2.119885607<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>7.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>8<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:12;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>9<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>4.251439585<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>4.748560415<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.54913922<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>8.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>9<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:13;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>10<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-0.268257792<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>10.26825779<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.187455266<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>9.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>10<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:14;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>11<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>6.7990142<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>4.2009858<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.485815881<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>10.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>11<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:15;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>12<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>3.352768461<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>7.647231539<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.884351128<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>11.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>11<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:16;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>13<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>8.787358405<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>4.212641595<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>0.487163796<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>12.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>13<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:17;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>14<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>20.94038452<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-6.940384523<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-0.802609<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>13.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>14<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:18;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>15<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>3.607735419<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>11.39226458<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.317439126<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>14.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>15<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:19;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>16<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>7.337722509<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>8.662277491<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>1.001734396<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>15.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>16<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:20;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>17<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>20.54018367<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-3.540183673<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-0.40939854<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>16.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>17<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:21;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>18<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>21.37436406<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-3.374364055<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-0.39022261<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>17.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>18<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:22;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>19<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>24.13723452<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-5.137234519<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-0.59408678<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>18.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>19<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:23;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>20<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>29.45201436<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-9.452014356<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-1.09306218<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>19.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>20<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:24;mso-yfti-lastrow:yes;height:14.0pt'>
  <td width=3D85 nowrap valign=3Dbottom style=3D'width:84.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>21<o:p></o:p></span></p>
  </td>
  <td width=3D84 nowrap valign=3Dbottom style=3D'width:84.2pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>32.5695648<o:p></o:p></span></p>
  </td>
  <td width=3D79 nowrap valign=3Dbottom style=3D'width:78.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-11.5695648<o:p></o:p></span></p>
  </td>
  <td width=3D87 nowrap valign=3Dbottom style=3D'width:87.3pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>-1.33794271<o:p></o:p></span></p>
  </td>
  <td width=3D57 nowrap valign=3Dbottom style=3D'width:56.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'></td>
  <td width=3D75 nowrap valign=3Dbottom style=3D'width:74.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>20.5<o:p></o:p></span></p>
  </td>
  <td width=3D71 nowrap valign=3Dbottom style=3D'width:70.8pt;padding:0in 5=
.4pt 0in 5.4pt;
  height:14.0pt'>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:0in;margin-bott=
om:.0001pt;
  text-align:right;line-height:normal'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman=
"'>21<o:p></o:p></span></p>
  </td>
 </tr>
</table>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'>References<o:p></o:p></span></p>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

<h2 style=3D'margin:0in;margin-bottom:.0001pt'><a href=3D"http://rankings.f=
t.com/"><span
style=3D'font-size:12.0pt;font-weight:normal'>FT.com business education: </=
span><span
style=3D'font-size:12.0pt'>MBA</span><span style=3D'font-size:12.0pt;font-w=
eight:
normal'> and executive education rankings </span><span style=3D'font-size:1=
2.0pt'>...</span></a><span
class=3Dm1><span style=3D'font-size:12.0pt;font-family:"Arial","sans-serif";
font-weight:normal'> - 8:44pm</span></span><span style=3D'font-size:12.0pt;
font-family:"Arial","sans-serif";color:black;font-weight:normal'><o:p></o:p=
></span></h2>

<table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0
 style=3D'mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt:0in 0in=
 0in 0in'>
 <tr style=3D'mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes'>
  <td width=3D408 style=3D'width:408.0pt;padding:0in 0in 0in 0in'>
  <div>
  <p class=3DMsoNormal><b><span style=3D'font-size:12.0pt;line-height:115%;
  font-family:"Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fare=
ast-theme-font:
  minor-latin;color:black'>MBA ranking</span></b><span style=3D'font-size:1=
2.0pt;
  line-height:115%;font-family:"Arial","sans-serif";mso-fareast-font-family:
  Calibri;mso-fareast-theme-font:minor-latin;color:black'> 2008. <b>MBA</b>
  2006. The 100 top global MBAs, as compiled in this <b>ranking</b>. <b>...=
</b>
  &quot;FT&quot; and &quot;<b>Financial Times</b>&quot; are trademarks of T=
he <b>Financial
  Times</b> Ltd. <b>...<o:p></o:p></b></span></p>
  <h2 style=3D'margin:0in;margin-bottom:.0001pt'><span style=3D'font-size:1=
2.0pt;
  font-family:"Arial","sans-serif";color:black'><o:p>&nbsp;</o:p></span></h=
2>
  <p class=3DMsoNormal><b><span style=3D'font-size:12.0pt;line-height:115%;
  font-family:"Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fare=
ast-theme-font:
  minor-latin;color:black'>Kellogg in the Media, National Post, March 1, 20=
03,
  Kellogg School ...Mar 1, 2003 ... March 1, 2003, National Post (f/k/a The
  Financial Post). When BusinessWeek unveils its biennial ranking of the top
  MBA programs,<span style=3D'mso-spacerun:yes'>&nbsp; </span>.</span></b><=
span
  style=3D'mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin;
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-f=
ont-family:
  "Times New Roman";mso-bidi-theme-font:minor-bidi'><a
  href=3D"http://www.kellogg.northwestern.edu/news/hits/030301np.htm"><b><s=
pan
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  color:blue;mso-themecolor:hyperlink'>www.kellogg.northwestern.edu/news/hi=
ts/030301np.htm</span></b></a></span><b><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'> <o:p></o:p></span></b></p>
  <p class=3DMsoNormal><b><span style=3D'font-size:12.0pt;line-height:115%;
  font-family:"Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fare=
ast-theme-font:
  minor-latin;color:black'><o:p>&nbsp;</o:p></span></b></p>
  <p class=3DMsoNormal><b><span style=3D'font-size:12.0pt;line-height:115%;
  font-family:"Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fare=
ast-theme-font:
  minor-latin;color:black'>Patel, Marilyn, &#8220;Are you a current or form=
er
  female employee of Costco who sought advancement to management? <a
  href=3D"http://genderclassactionagainstcostco.com/costco94.pl">http://gen=
derclassactionagainstcostco.com/costco94.pl</a>
  <o:p></o:p></span></b></p>
  <p class=3DMsoNormal><b><span style=3D'font-size:12.0pt;line-height:115%;
  font-family:"Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fare=
ast-theme-font:
  minor-latin;color:black'><o:p>&nbsp;</o:p></span></b></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'>Rushinek, A. and Rushinek, S.<span
  style=3D'mso-spacerun:yes'>&nbsp; </span>&quot;Input Control of Accounting
  Information Systems,&quot; INDUSTRIAL ACCOUNTANT, Vol. 22, No. 3,14-19, J=
uly-September
  1982.<o:p></o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'><o:p>&nbsp;</o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'>Rushinek, A.<span style=3D'mso-spacerun:yes'>&nb=
sp;
  </span>&quot;Capital Budgeting Techniques, The Payback Period, The Net
  Present Value, The Internal Rate of Return and Their Computer
  Applications,&quot; MANAGERIAL FINANCE, Vol. 9, No. 1, 1-13, 1983. <o:p><=
/o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'><span style=3D'mso-spacerun:yes'>&nbsp;</span><o=
:p></o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'>Rushinek, A.<span style=3D'mso-spacerun:yes'>&nb=
sp;
  </span>&quot;Control Aspects of Standard Costing:<span
  style=3D'mso-spacerun:yes'>&nbsp; </span>Variance Analysis, Inflation
  Adjustment, The Learning and Their Computer Applications,&quot; MANAGERIAL
  FINANCE, Vol. 9. No. 1, 14-18, 1983. <o:p></o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'><o:p>&nbsp;</o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'>Rushinek, A.<span style=3D'mso-spacerun:yes'>&nb=
sp;
  </span>&quot;Cost Accumulation for Different Costing Systems and Their
  Computer Applications,&quot; MANAGERIAL FINANCE, Vol. 9, No. 1, 19-22, 19=
83. <o:p></o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'>Rushinek, A.<span style=3D'mso-spacerun:yes'>&nb=
sp;
  </span>&quot;Costing Aspects of Segmented Reporting and Its Contribution
  Approach,&quot; MANAGERIAL FINANCE, Vol. 9, No. 1, 8-10, 1983. <o:p></o:p=
></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'><o:p>&nbsp;</o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'>Rushinek, A. and Rushinek, S.<span
  style=3D'mso-spacerun:yes'>&nbsp; </span>&quot;Cost Control Systems,&quot;
  INDUSTRIAL ACCOUNTANT, July 1983.<o:p></o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'><o:p>&nbsp;</o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'>Rushinek, A., Rushinek, S., Chang, L. and Most,
  K.<span style=3D'mso-spacerun:yes'>&nbsp; </span>&quot;The Construction o=
f an
  International Investors' Perception Model for Corporate Published Forecas=
ted
  Financial Reports for the United States, Great Britain, and New
  Zealand,&quot; MANAGERIAL AND DECISION ECONOMICS (MDE), THE INTERNATIONAL
  JOURNAL OF RESEARCH AND PROGRESS IN MANAGEMENT ECONOMICS, Vol. 4, No. 4, =
258-265,
  December 1983.<o:p></o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'><o:p>&nbsp;</o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'>Rushinek, A. and Rushinek, S.<span
  style=3D'mso-spacerun:yes'>&nbsp; </span>&quot;Economic Decisions and Res=
ource
  Allocation in Managerial Accounting,&quot; INDUSTRIAL ACCOUNTANT, 43-47,
  March 1984.<o:p></o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'><o:p>&nbsp;</o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'>Rushinek, A. and Rushinek, S.<span
  style=3D'mso-spacerun:yes'>&nbsp; </span>&quot;Management Accounting
  Information Systems,&quot; CYBERNETICS AND SYSTEMS, Vol. 16, 277-286,
  1985.<span style=3D'mso-spacerun:yes'>&nbsp; </span><o:p></o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'><o:p>&nbsp;</o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'>Rushinek, A. and Rushinek, S.<span
  style=3D'mso-spacerun:yes'>&nbsp; </span>&quot;Control Through Standard C=
osts
  and Variance Analysis,&quot; SINGAPORE ACCOUNTANT, Vol. 2, No. 2, 30-33,
  February 1986.<o:p></o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'><o:p>&nbsp;</o:p></span></p>
  <p class=3DMsoNormal><span style=3D'font-size:12.0pt;line-height:115%;fon=
t-family:
  "Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fareast-theme-fo=
nt:
  minor-latin;color:black'>Rushinek, A. and Rushinek, S.<span
  style=3D'mso-spacerun:yes'>&nbsp; </span>&quot;Additional Fund Allocation
  Constraints for Common Stock Investments:<span
  style=3D'mso-spacerun:yes'>&nbsp; </span>An Empirical Analysis of Regional
  Portfolios in the Common Market and the United States,&quot; THE
  INTERNATIONAL JOURNAL OF ACCOUNTING, Vol. 21, No. 2, 69-89, Spring 1986.<=
o:p></o:p></span></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'><o:p>&nbsp;</o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'>Rushinek, A. and Rushinek, S.<span
  style=3D'mso-spacerun:yes'>&nbsp; </span>&quot;Using Financial Ratios to
  Predict Insolvency,&quot; JOURNAL OF BUSINESS RESEARCH, Vol. 15, 1987.<o:=
p></o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'><o:p>&nbsp;</o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'>Rushinek, A. and Rushinek, S.<span
  style=3D'mso-spacerun:yes'>&nbsp; </span>&quot;Financial Planning (FP) Ca=
se
  Study:<span style=3D'mso-spacerun:yes'>&nbsp; </span>Feature Selection Sy=
stem
  (FSS) for Microcomputer Users &amp; Manufacturers,&quot; SINGAPORE
  ACCOUNTANT, Vol.4, No.10, October 1988.<span style=3D'mso-spacerun:yes'>&=
nbsp;
  </span><o:p></o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'><o:p>&nbsp;</o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'>Rushinek, A. and Rushinek, S. &quot;Manufacturing Resource
  Planning Systems (MPR) Case Study: Feature Selection System (FSS) for Mic=
rocomputer
  Users and Manufacturers&quot;, COMPUTERS &amp; INDUSTRIAL ENGINEERING, Vo=
l.
  16, No. 2, 321-328, 1989.<o:p></o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'><o:p>&nbsp;</o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'>Rushinek, A. and Rushinek, S. &quot;Multinational Transfer-P=
ricing
  Factors: Tax, Custom Duties, Antitrust/Dumping Legislation, Inflation,
  Interest, Competition, Profit/Dividend, and Financial Reporting&quot;,
  INTERNATIONAL JOURNAL OF ACCOUNTING EDUCATION AND RESEARCH, Vol. 23, No. =
2,
  1989.<o:p></o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'><o:p>&nbsp;</o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'>Rushinek, A. and Rushinek, S. &quot;Economic Decisions and
  Resource Allocation in Managerial Accounting&quot;, ECONOMIC PLANNING, Vo=
l.25,
  No. 2, 7-10, August, 1989.<o:p></o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'><o:p>&nbsp;</o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'>Rushinek, A. and Rushinek, S. &quot;Rating and Ranking Best
  Practices of the British Petroleum Oil Company and the Oil &amp; Gas Indu=
stry:
  Sales to Cash Forecasting Univariate Regression Trend Analysis and Comput=
er
  Modeling, OIL AND ENERGY QUARTERLY, December, 1997.<o:p></o:p></span></b>=
</p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'><o:p>&nbsp;</o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'>Rushinek, A. and Rushinek, S. &quot;Litigation in Pennzoil a=
nd
  the Petroleum Refining Industry: A Financial Ratio Automated Peer Review
  Analysis of Variance Internet Software Development&quot; OIL, GAS &amp; E=
NERGY
  QUARTERLY, Vol.47, No.1, September, 1998, 17-32.<o:p></o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'><o:p>&nbsp;</o:p></span></b></p>
  <p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'font-size:12.0pt;line-height:115%;font-family:"Arial","sans-seri=
f";
  mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
  color:black'>Rushinek, A. and Rushinek, S. &quot;The Role of the Forensic
  Accountant in Calculating the Damages Using the 'But-if Analysis in a Cas=
e of
  Internet Day Trader &amp; Online Broker Misconduct Litigation&quot;, JOUR=
NAL
  OF FORENSIC ACCOUNTING, 2001.<o:p></o:p></span></b></p>
  <p class=3Dg><o:p>&nbsp;</o:p></p>
  <p class=3Dg>Rushinek, S. and Rushinek, A. &quot;Education, Scheduling and
  Administration Related to Computer User Satisfaction: An Interactive On-l=
ine
  Expert System Using Diagnostic Audit Trails Through Telecommunication
  Networks,&quot; <i style=3D'mso-bidi-font-style:normal'>International Jou=
rnal
  Of Applied Engineering Education,</i> Vol. 3, No. 4, 399-412, 1987.<span
  style=3D'mso-bidi-font-family:Arial'><o:p></o:p></span></p>
  <p class=3Dg><b style=3D'mso-bidi-font-weight:normal'>Rushinek, A. and Ru=
shinek,
  S. &quot;Training Software Case Study: A Product Evaluation and Selection
  System&quot;, <i style=3D'mso-bidi-font-style:normal'>Journal Of Educatio=
n For
  Business</i>, 1989</b><b style=3D'mso-bidi-font-weight:normal'><span
  style=3D'mso-bidi-font-family:Arial'><o:p></o:p></span></b></p>
  <p class=3Dg><b style=3D'mso-bidi-font-weight:normal'>Rushinek, A. and Ru=
shinek,
  S. &quot;Matching Program Code Generators to Software Developers'
  Needs&quot;, <i style=3D'mso-bidi-font-style:normal'>OMEGA: The Internati=
onal
  Journal Of Management Science</i>, Vol. 18, No. 3, 1990<o:p></o:p></b></p>
  <p class=3Dg><span class=3Da><b><span style=3D'mso-bidi-font-family:Arial=
'>Rushinek</span></b></span><span
  class=3Da><b style=3D'mso-bidi-font-weight:normal'><span style=3D'mso-bid=
i-font-family:
  Arial'>, A. and S. <span style=3D'mso-bidi-font-weight:bold'>Rushinek</sp=
an><span
  style=3D'mso-spacerun:yes'>&nbsp; </span>&#8220;</span></b></span><span
  class=3Dw1><b style=3D'mso-bidi-font-weight:normal'><span style=3D'mso-bi=
di-font-family:
  Arial'><a
  href=3D"http://www.emeraldinsight.com/Insight/viewContentItem.do?contentT=
ype=3DArticle&amp;contentId=3D868184"><span
  style=3D'color:#0000CC;text-decoration:none;text-underline:none'>Using Ex=
perts
  for Detecting and Litigating Computer Crime</span></a>&#8221;</span></b><=
/span><b
  style=3D'mso-bidi-font-weight:normal'><span style=3D'mso-bidi-font-family=
:Arial'>
  <span class=3Da><span style=3D'mso-spacerun:yes'>&nbsp;</span><i
  style=3D'mso-bidi-font-style:normal'>Managerial Auditing Journal</i>, 199=
3 - emeraldinsight.com
  </span>ISSN: 0268-6902<o:p></o:p></span></b></p>
  <p class=3Dg><b style=3D'mso-bidi-font-weight:normal'>Rushinek, A. and Ru=
shinek,
  S. &quot;Project Management Software Feature Profitability: Windows,
  Networks, Mainframes, Filtered Task Diagrams, Schedules, and Calendars, <i
  style=3D'mso-bidi-font-style:normal'>Journal Of Computer Information Syst=
ems (JCIS),</i>
  Vol. 37, No. 4, Summer 1997, 48-55<o:p></o:p></b></p>
  <p class=3Dg><span class=3Da><b><span style=3D'mso-bidi-font-family:Arial=
'>Rushinek</span></b></span><span
  class=3Da><b style=3D'mso-bidi-font-weight:normal'><span style=3D'mso-bid=
i-font-family:
  Arial'>, A. and S. <span style=3D'mso-bidi-font-weight:bold'>Rushinek</sp=
an><span
  style=3D'mso-spacerun:yes'>&nbsp; </span>&#8220;</span></b></span><span
  class=3Dw1><b style=3D'mso-bidi-font-weight:normal'><span style=3D'mso-bi=
di-font-family:
  Arial'><a href=3D"http://www.rtedwards.com/journals/JFA/I-1/125.pdf"><span
  style=3D'color:#0000CC;text-decoration:none;text-underline:none'>Internet=
 Fraud
  Auditing: A Simulated Health Care Industry Case Study</span></a>&#8221;</=
span></b></span><b
  style=3D'mso-bidi-font-weight:normal'><span style=3D'mso-bidi-font-family=
:Arial'>
  <span class=3Da>- <i style=3D'mso-bidi-font-style:normal'>Journal of Fore=
nsic
  Accounting</i>, 2000 - rtedwards.com <o:p></o:p></span></span></b></p>
  <p><span class=3Da><b><span style=3D'mso-bidi-font-family:Arial'>Rushinek=
</span></b></span><span
  class=3Da><b style=3D'mso-bidi-font-weight:normal'><span style=3D'mso-bid=
i-font-family:
  Arial'>, A. and S. <span style=3D'mso-bidi-font-weight:bold'>Rushinek</sp=
an><span
  style=3D'mso-spacerun:yes'>&nbsp; </span>&#8220;</span></b></span><b>What=
 Makes
  Users Unhappy: Share-Point Team Services Web Server Security&#8221;</b><b
  style=3D'mso-bidi-font-weight:normal'><i> Ubiquity, </i><span style=3D'ms=
o-bidi-font-style:
  italic'>Volume 6, Issue2, Jan. 25 - Feb. 1, 2005<i>.<o:p></o:p></i></span=
></b></p>
  <p class=3DMsoNormal><b><span style=3D'font-size:12.0pt;line-height:115%;
  font-family:"Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fare=
ast-theme-font:
  minor-latin;color:black'><o:p>&nbsp;</o:p></span></b></p>
  <p class=3DMsoNormal><b><span style=3D'font-size:12.0pt;line-height:115%;
  font-family:"Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fare=
ast-theme-font:
  minor-latin;color:black'>Sebok, Anthony,<span style=3D'mso-spacerun:yes'>=
&nbsp;
  </span>&#8220;The Huge Class Action Sex Discrimination Suit against Wal-M=
art:
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  style=3D'mso-spacerun:yes'>&nbsp; </span><a
  href=3D"http://writ.news.findlaw.com/sebok/20040809.html">http://writ.new=
s.findlaw.com/sebok/20040809.html</a>
  <o:p></o:p></span></b></p>
  <p class=3DMsoNormal><b><span style=3D'font-size:12.0pt;line-height:115%;
  font-family:"Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fare=
ast-theme-font:
  minor-latin;color:black'><o:p>&nbsp;</o:p></span></b></p>
  <p class=3DMsoNormal><b><span style=3D'font-size:12.0pt;line-height:115%;
  font-family:"Arial","sans-serif";mso-fareast-font-family:Calibri;mso-fare=
ast-theme-font:
  minor-latin;color:black'>Smeal Ranks Among Financial Times' Top 25 U.S. M=
BA
  Programs &#8212; Penn ...Jan 29, 2007 ... This the ninth annual ranking of
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  surveys of 10000 MBA alumni who ..</span></b><span style=3D'mso-ascii-fon=
t-family:
  Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:Calibri;
  mso-fareast-theme-font:minor-latin;mso-hansi-font-family:Calibri;mso-hans=
i-theme-font:
  minor-latin;mso-bidi-font-family:"Times New Roman";mso-bidi-theme-font:mi=
nor-bidi'><a
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pan
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f";
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an07/ftmba.html</span></b></a></span><b><span
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span></b></p>
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ast-theme-font:
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  <h2 style=3D'margin:0in;margin-bottom:.0001pt'><a
  href=3D"http://www.anderson.ucla.edu/x16488.xml"><span style=3D'font-size=
:12.0pt;
  color:blue;mso-themecolor:hyperlink;font-weight:normal'>UCLA Anderson Sch=
ool
  of Management | </span><span style=3D'font-size:12.0pt;color:blue;mso-the=
mecolor:
  hyperlink'>Media</span><span style=3D'font-size:12.0pt;color:blue;mso-the=
mecolor:
  hyperlink;font-weight:normal'> | </span><span style=3D'font-size:12.0pt;
  color:blue;mso-themecolor:hyperlink'>Financial Times Ranking</span></a><s=
pan
  style=3D'font-size:12.0pt;font-family:"Arial","sans-serif";color:black;
  font-weight:normal'><o:p></o:p></span></h2>
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    font-family:"Arial","sans-serif";mso-fareast-font-family:Calibri;
    mso-fareast-theme-font:minor-latin;color:black'>Jan 30, 2007 <b>...</b>
    Entertainment and <b>Media</b> Management Institute <b>...</b> in the <=
b>Financial
    Times</b>&#8217; ninth annual survey of full-time <b>MBA programs</b>,
    published today. </span><span class=3Da1><span style=3D'font-size:12.0p=
t;
    line-height:115%;font-family:"Arial","sans-serif";mso-fareast-font-fami=
ly:
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8.xml
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ine-height:
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    <p class=3DMsoNormal>Wong, Heather, and Beth Alexander, &#8220;Gender
    Discrimination Lawsuit Against Smith Barney&#8221;, <a
    href=3D"http://www.genderlawsuitagainstsmithbarney.com/">http://www.gen=
derlawsuitagainstsmithbarney.com</a>,
    May, 2008</p>
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t-family:
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nt:
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</table>

<p class=3DMsoNormal style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-=
height:
normal'><span style=3D'font-size:22.0pt'><o:p>&nbsp;</o:p></span></p>

</div>

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