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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 p-value of the test statistic when testing whetherToefl90 makes a significant contribution to the model in the presence of SAT?
Objectivity Principle
The objectivity principle in accounting states that financial information presented in the accounts of a business should be based on objective evidence and be verifiable, avoiding personal opinions or biases.
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individuals or entities outside of a company who use its financial information, such as investors, creditors, and government agencies.
Shareholders
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Professionals responsible for sourcing goods and services for a company, negotiating contracts, and developing strategies to optimize procurement.
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