SCENARIO 17-11 A Logistic Regression Model Was Estimated in Order to Predict

question 160

Short Answer

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, what is the estimated odds ratio for a school with an mean SAT
score of 1100, a TOEFL criterion that is not at least 550, and the room and board expense of 7
thousand dollars?

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Definitions:

Self-Confidence

The belief in one's own abilities and judgment, often linked to success and positive outcomes in tasks.

Narcissism

A personality trait characterized by an inflated sense of self-importance, a deep need for admiration, and a lack of empathy for others.

Socialized Need

A desire or motivation that has been influenced by social factors and the individual's interaction with their social environment.

Emotional Maturity

The ability of an individual to understand, control, and appropriately express their emotions.