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

question 206

Short Answer

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,what should be the decision ('reject' or 'do not reject')on the null hypothesis when testing whether SAT makes a significant contribution to the model in the presence of Toefl90 at a 0.05 level of significance?

Calculate the opportunity cost of producing different goods in a specialization scenario.

Determine which product a country has a comparative advantage in producing.

Explain the main reasons for a trade deficit.

Understand the effects of a tariff on the price and quantity of imported goods.

---

Definitions:

Temporal Lobe

A region of the cerebral cortex located beneath the lateral fissure on both cerebral hemispheres of the mammalian brain, involved in processing auditory information and encoding memory.

Memory Functions

The cognitive processes involved in storing, retaining, and recalling information.

Cerebrum

The largest part of the brain, responsible for various higher functions such as thought, action, memory, and emotion.

Brain Region

A specific area within the brain responsible for certain functions or processes, such as the occipital lobe's role in visual processing.