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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 should be the decision ('reject' or 'do not reject') on the null hypothesis when testing whether Toefl500 makes a significant contribution to the model in the presence of the other independent variables at a 0.05 level of significance?
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Products that incorporate advanced scientific research and new technological innovations, often characterized by high research and development costs.
GDP
Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period of time.
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Digital Video Cameras; devices used to capture video in a digital format.
Economic Growth
An increase in a country's productive capacity, as measured by changes in its Gross Domestic Product (GDP) over time.
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