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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, which of the following is the correct interpretation for the Toefl90 Slope coefficient?
Mislaid
Refers to property that is intentionally placed somewhere but then forgotten, implying it can be recovered by the owner.
Abandoned
A state where a property or a project has been left forth by its owner or tenant without any intention to return and claim or resume its use.
Safety-deposit Boxes
Secured containers held within banks or vaults where individuals can store valuable items or documents for protection.
Bailor
The party in a bailment contract who temporarily transfers possession but not ownership of a property or good to another party.
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