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One of the biggest challenges in the higher education sector has been the recent growth of online universities. The Online Education Database is an independent organisation whose mission is to build a comprehensive list of accredited online colleges. The Excel spreadsheet (OnlineEdu.xlsx) contains data on the retention rate (%) and the graduation rate (%) for 29 online colleges in the United States.
To examine the association between the retention and graduation rate in 29 online colleges in the United States of America and how it is associated with online studies.
Prepare a 2,000 word report that addresses the following questions:
(a) Provide a descriptive analysis of the two variables (e.g., mean, standard deviation, minimum and maximum).
(b) Develop a scatter diagram with retention rate as the independent variable. What does the scatter diagram indicate about the relationship between the two variables?
(c) Develop and estimate a regression equation that can be used to predict the graduation rate (%) given the retention rate (%).
(d) State the estimated regression equation and interpret the meaning of the slope coefficient.
(e) Is there a statistically significant association between graduation rate (%) and retention rate (%). What is your conclusion?
(f) Did the regression equation provide a good fit? Explain.
(g) Suppose you were the president of South University. After reviewing the results, would you have any concerns about the performance of your university compared to other online universities?
(h) Suppose you were the president of the University of Phoenix. After reviewing the results, would you have any concerns about the performance of your university compared to other online universities?
Your report needs to be structured as follows:
Your report must be submitted as a single file (maximum of 2,000 words).
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The purpose of the present study is to examine the association between the retention and graduation rate in 29 online colleges in the United States and how it is associated with online studies. There are a number of drivers of change in higher education today, which includes technology, globalization, changing demographics, economy, changing employer needs, increased demand for accountability, changing student expectations, etc. ((Filthy, Luce, & Smith, 2010) and (Goldstein, 2006)). The impact of any one of these drivers is significant and in total is transformative. Thus, in this regard, many researchers agreed that online learning is the disruptive innovation in higher education today (Christensen & Eyring, 2011). A disruptive innovation is one that allows a simple, affordable, and accessible product to replace a product that is complex, expensive and inaccessible, even if the initial quality of the new product is inferior. Distance education has undergone a substantial transformation from its origins in independent or correspondence and this transformation has been best described by the establishment and growth of more than 50 open universities since 1970s (Altbach, Philip, & Jane, 2007). Open universities may be viewed, from many respects, as forerunners in tackling the challenges that now confront higher education systems worldwide (Anderson & Terry, 2005).