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

question 249

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 p-value of the test statistic when testing whether SAT
makes a significant contribution to the model in the presence of the other independent variables?

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Unsecured Debt

A type of debt that is not backed by collateral, making it riskier for lenders and often resulting in higher interest rates for borrowers.

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The risk that the yield from reinvesting cash flows will be lower than the initial investment's yield, typical in fixed-income securities.

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