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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, there is not enough evidence to conclude that Toefl90 makes a significant contribution to the model in the presence of SAT at a 0.05 level of significance.
Federal Budget Surplus
A financial situation where the government's revenue exceeds its expenditures within a fiscal year.
Federal Outlays
Government spending or expenditures, including on services, social security, defense, and interest on debt.
Stock Variable
A measurement at a specific point in time, such as the amount of money in a bank account or stock of goods.
Flow Variable
A variable that is measured over a specific period of time, representing dynamic elements of an economy like income or spending.
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