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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 should be the decision ('reject' or 'do not reject') on the null hypothesis when testing whether Toefl90 makes a significant contribution to the model in the presence of SAT at a 0.05 level of significance?
Debt-To-Equity Ratio
A financial benchmark that shows the ratio between debt and shareholders' equity in asset financing.
Prepaying Bonds
The action of repaying the principal of a bond before its maturity date, often as a way to manage debt or save on interest costs.
Outstanding Bonds
Bonds issued by an entity that are currently not redeemed and are in the hands of investors.
Semiannual Interest
Interest that is calculated and paid twice a year on investments or loans.
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