Problem

The file P08_15.xlsx contains the following information about the top 25 MBA programs (a...

The file P08_15.xlsx contains the following information about the top 25 MBA programs (according to the 1997 Business Week Guide): percentage of applicants accepted, percentage of accepted applicants who enroll, mean GMAT score of enrollees, mean undergraduate GPA of enrollees, annual cost of school (for state schools, this is the cost for out-of-state students), percentage of students who are minorities, percentage of students who are non-U.S. residents, and mean starting salary of graduates (in thousands of dollars). Use these data to divide the top 25 schools into four clusters. Then interpret your clusters.

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