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SCENARIO 13-18
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:
Binary Logistic Regression
-Referring to SCENARIO 13-18, what is the estimated odds ratio for a school with a mean SATscore of 1250 and a TOEFL criterion that is at least 90?
Bank Reconciliations
The process of comparing and matching the balance of an accounting record (ledger) with the corresponding bank statement, identifying and rectifying any discrepancies.
Cash Account
A type of financial account that records cash transactions, including the receipt and spending of cash.
Check Register
A record, often part of a ledger or accounting software, used to track checks issued, deposits, and current account balances.
Cleared
Refers to transactions that have been reconciled and confirmed by a bank or financial institution, indicating that funds have been successfully transferred.
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