TABLE 14-18 A Logistic Regression Model Was Estimated in Order to Predict

question 249

Multiple Choice

TABLE 14-18
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 and whether the TOEFL criterion is at least 90 (Toefl90 = 1 if yes,0 otherwise) .The dependent variable,Y,is school type (Type = 1 if private and 0 otherwise) .
The PHStat output is given below:
-Referring to Table 14-18,which of the following is the correct expression for the estimated model?

• A)Y = -3.9594 + 0.0028 SAT + 0.1928 Toefl90
• B) = -3.9594 + 0.0028 SAT + 0.1928 Toefl90
• C)ln (odds ratio)= -3.9594 + 0.0028 SAT + 0.1928 Toefl90
• D)ln (estimated odds ratio)= -3.9594 + 0.0028 SAT + 0.1928 Toefl90

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Definitions:

Excess Reserves

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Assets that can be quickly and easily converted into cash without significant loss in value.

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An asset that can be saved, retrieved, and exchanged at a later time, and is predictably useful in the future to purchase goods and services.

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A system or object that is widely accepted in exchange for goods and services, facilitating trade by eliminating the need for a barter system.