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SCENARIO 17-11
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, the room and board expense measured in
thousands of dollars (Room/Brd), and whether the TOEFL criterion is at least 550 (Toefl550 = 1 if
yes, 0 otherwise.) The dependent variable, Y, is school type (Type = 1 if private and 0 otherwise).
The Minitab output is given below:
-Referring to Scenario 17-11, which of the following is the correct expression for the estimated model? a) SAT Toefl Room / Brd
b) Toefl550
c) odds ratio SAT Toefl
d) estimated odds ratio SAT Toefl
Hockey Team
A group of players participating in the sport of hockey, where each member has a specific role, such as forward, defenseman, or goalie, contributing to the team's attempts to win matches.
Z-score
A statistical measure representing the number of standard deviations a data point is from the mean of a distribution.
Standard Deviation
An indicator that calculates the degree to which data points vary or are spread out in a dataset.
IQR
The interquartile range, a measure of variability, expressed as the difference between the 25th and 75th percentiles of the data.
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