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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, which of the following is the correct interpretation for theToefl90 slope coefficient?
Subsidy
A payment the government makes to either the buyer or the seller, usually on a per-unit basis, when a good or service is purchased or sold.
Selling Price
The amount of money for which a seller offers a product or service to a buyer.
Benefit Proportion
The ratio or relation of the benefits received by different groups or individuals, often used in contexts like taxation or public spending.
Government Program
An initiative undertaken by a government body to achieve specific social, economic, or political objectives, often involving expenditure from public funds.
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