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

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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: 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, there is not enough evidence to conclude that SAT score makes a significant contribution to the model in the presence of the other independent variables at a 0.05 level of significance.
-Referring to Scenario 17-11, there is not enough evidence to conclude that SAT
score makes a significant contribution to the model in the presence of the other independent
variables at a 0.05 level of significance.


Definitions:

Bloodstream

The flowing blood within the circulatory system of the body, carrying oxygen and nutrients to cells and removing waste products.

Glial Cells

Non-neuronal cells in the brain and central nervous system that support, protect, and provide a support framework for neurons.

Myelin

A fatty substance that surrounds nerve fibers, providing insulation and speeding the transmission of nerve impulses.

Neurons

Specialized cells of the nervous system responsible for transmitting information throughout the body via electrical and chemical signals.

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