SCENARIO 14-18
a Logistic Regression Model Was Estimated in Order

question 116

True/False

SCENARIO 14-18
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 and whether the TOEFL criterion is at least 90
(Toefl90 = 1 if yes, 0 otherwise.) The dependent variable, Y, is school type (Type = 1 if private and
0 otherwise).
The PHStat output is given below:
Binary Logistic Regression $$\begin{array}{l}\begin{array} { l r r r r } \hline { \text { Predictor } } & \text { Coefficients } & \text { SE Coef } & { Z } & p \text {-Value } \\\hline \text { Intercept } & - 3.9594 & 1.6741 & - 2.3650 & 0.0180 \\\text { SAT } & 0.0028 & 0.0011 & 2.5459 & 0.0109 \\\text { Toefl90:1 } & 0.1928 & 0.5827 & 0.3309 & 0.7407\end{array}\\\\\begin{array} { l l } \text { Deviance } & 101.9826\end{array}\end{array}$$
-Referring to Scenario 14-18, there is not enough evidence to conclude that SAT
score makes a significant contribution to the model in the presence of Toefl90 at a 0.05 level of
significance.

Grasp the role of employer-sponsored retirement programs in personal finance.

Comprehend the various risks associated with investing, including interest rate, market, inflation, and business failure risks.

Understand how different factors, such as safety and liquidity, influence investment decisions.

Learn strategies for allocating funds for investing, including saving consistently and capitalizing on financial windfalls.

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Definitions:

Industry-Wide Bargaining

The process of collective negotiations conducted between labor unions and employers across an entire industry, rather than with a single employer.

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at reaching agreements to regulate working conditions.

Codetermination

A practice where workers have a role in the management of companies, often through representation on corporate boards.

Social Partnership

A form of governance in which employers, unions, and sometimes government agencies collaborate to make major economic and labor decisions.