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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).
-True or False: Referring to Table 17-11,there is not enough evidence to conclude that the model is not a good-fitting model at a 0.05 level of significance.
Revenue Account
An accounting ledger that records the income generated from sales of goods or services.
Profit Margin
A financial metric that indicates the percentage of revenue that exceeds the cost of goods sold.
Net Sales
The total revenue from sales minus any deductions for returned goods, allowances, and discounts.
Net Income
The remaining earnings of a company after deducting all expenses and taxes from the gross revenues.
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