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

question 183

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 probability that 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 will be a private school?

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Definitions:

Predominantly

Predominantly means mainly or for the most part, indicating that something is the dominant, principal, or most common element in a mixture or series.

Logical

Pertaining to the formal principles of reasoning and correct thinking.

Precise

Being exact, accurate, and clearly expressed or delineated.

Objective

A specific, measurable, achievable, relevant, and time-bound goal that an individual or organization aims to accomplish.