SCENARIO 13-18
a Logistic Regression Model Was Estimated in Order

question 166

True/False

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 $$\begin{array}{l}\begin{array} { l r r r r } \hline { \text { Predictor } } & \text { Coefficients } & \text { SE Coef } &{ Z } & p \text {-Value } \\\hline \text { Intercept } & - 3.9594 & 1.6741 & - 2.3650 & 0.0180 \\\text { SAT } & 0.0028 & 0.0011 & 2.5459 & 0.0109 \\\text { Toefl90:1 } & 0.1928 & 0.5827 & 0.3309 & 0.7407\\\text { Deviance } & 101.9826\\\end{array}\\\end{array}$$
-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.

Discuss the effectiveness and obstacles of using monetary and fiscal policy to address inflation and recession.

Recognize the potential effects of far-sighted consumer behavior on policy effectiveness.

Understand the concept of political business cycles and the role of monetary policy within these cycles.

Describe the benefits and costs associated with low levels of inflation and the rationale behind targeting zero inflation.

---

Definitions:

Hypnosis

A trance-like state of focused attention and heightened suggestibility, often used for therapeutic purposes.

Anesthetizing

The process of administering drugs to induce a state of temporary insensitivity to pain.

Childbirth

The process of giving birth to a baby, involving labor and delivery, which can occur through natural or medical interventions.

Activation-synthesis Theory

A theory suggesting that dreams are the result of the brain's attempt to make sense of neural activity that occurs during sleep.