TABLE 14-18 A Logistic Regression Model Was Estimated in Order to Predict

question 102

Short Answer

TABLE 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, 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 Table 14-18, what is the estimated odds ratio for a school with an mean SAT score of 1250, a TOEFL criterion that is at least 550, and the room and board expense of 5 thousand dollars?

---

Definitions:

Capital Investment

Funds spent by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.

Greenhouse Gases

Gases that trap heat in the atmosphere, contributing to global warming and climate change.

ISO 14064

An internationally recognized standard providing tools for quantifying, monitoring, reporting, and verifying greenhouse gas (GHG) emissions and removals.

GRI Framework

Global Reporting Initiative framework; a standard for sustainability reporting that organizations can use to measure and communicate their economic, environmental, and social performance.