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SCENARIO 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). There are 80 universities in the sample. The PHStat output is given below:
-Referring to Scenario 14-18, what is the estimated odds ratio for a school with a mean SAT score of 1100 and a TOEFL criterion that is not at least 90?
U.S. Commerce
Refers to the economic activities and trade within the United States, including transactions of goods and services.
Interstate Commerce Act
A United States federal law designed to regulate the railroad industry, particularly its monopolistic practices, by requiring reasonable and just rates with the establishment of the Interstate Commerce Commission.
Passed
To have been approved or made official, particularly in the context of legislation or examinations.
Horizontal Price-Fixing Conspiracy
A horizontal price-fixing conspiracy is an agreement between competitors at the same level of the supply chain to set prices, limit production, or otherwise manipulate the market.
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