TABLE 17-11 A Logistic Regression Model Was Estimated in Order to Predict

question 69

Short Answer

TABLE 17-11
A logistic regression model was estimated in order to predict the probability that a randomly chosen university or college would be a private university using information on mean total Scholastic Aptitude Test score (SAT)at the university or college,the room and board expense measured in thousands of dollars (Room/Brd),and whether the TOEFL criterion is at least 550 (Toefl550 = 1 if yes,0 otherwise.)The dependent variable,Y,is school type (Type = 1 if private and 0 otherwise).
-Referring to Table 17-11,what is the estimated odds ratio for a school with a mean SAT score of 1250,a TOEFL criterion that is at least 550,and the room and board expense of 5 thousand dollars?

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Definitions:

Overburdened

Experiencing excessive stress or demands that surpass an individual's or system's capacity to cope effectively.

Celebrated

Widely recognized and praised for a particular achievement, skill, or quality.

Human Capital

The skills, knowledge, and experiences possessed by an individual that can be used to produce economic value.

Skills

The abilities and expertise that individuals acquire through learning and experience, which enable them to perform tasks effectively.