Examlex

Solved

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

question 80

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: 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 the model is a good-fitting model?
-Referring to Scenario 17-11, what is the p-value of the test statistic when testing whether the
model is a good-fitting model?


Definitions:

Mild Support

Minimal yet positive encouragement or assistance that helps to promote or sustain a particular action or condition.

Cognitive Therapy

A form of psychotherapy that addresses maladaptive thinking patterns to effect change in behavior and emotion.

Suffering From Depression

Experiencing a mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Successfully Treat

To effectively manage or cure a disease or condition, leading to the restoration of health or improvement in symptoms.

Related Questions