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

question 287

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 is the p-value of the test statistic when testing whether SAT makes a significant contribution to the model in the presence of Toefl90?

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Definitions:

Trust

Confidence in the reliability, truth, ability, or strength of someone or something.

Merge

The combination of two or more entities into one, often seen in the context of companies or organizations.

Oligopolies

Market structures characterized by a small number of firms that have significant control over market prices and competition.

Tacit Collusion

An unspoken, informal agreement among competitors to limit competition, such as by fixing prices or dividing market territories, without explicit communication.