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

question 33

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 1100, a TOEFL criterion that is not at least 550, and the room and board expense of 7 thousand dollars?

---

Definitions:

Social Regulation

Government-imposed rules and regulations designed to protect public health, safety, and well-being, affecting how businesses can operate.

Equal Employment Opportunity Commission

A federal agency in the United States charged with enforcing laws against workplace discrimination.

Federal Communications Commission

A government agency in the United States responsible for regulating interstate and international communications by radio, television, wire, satellite, and cable.

Industrial Regulation

Governmental regulation of industries to correct market failures, protect consumers, and preserve competitive markets.