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TABLE 14-11
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 average 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).
The Minitab output is given below:
Logistic Regression Table
Log-Likelihood = -21.883
Test that all slopes are zero: G = 62.083, DF = 3, P-Value = 0.000
Goodness-of-Fit Tests
-Referring to Table 14-11, what is the estimated odds ratio for a school with an average SAT score of 1100, a TOEFL criterion that is not at least 550, and the room and board expense of 7 thousand dollars?
T-bills
Short for Treasury bills, these are short-term government securities with maturity periods of one year or less, considered safe investments as they are backed by the credit of the government.
Financial Instruments
Assets that can be traded, including stocks, bonds, derivatives, and currencies.
U.S. Government
The federal government of the United States, a constitutional republic comprising the Executive, Legislative, and Judicial branches.
Market-Value Weighted
An indexing method where the weight of each constituent security in an index or portfolio is based on its total market capitalization, favoring larger companies.
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