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?

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Definitions:

Symbol of Wealth

An object, status, or activity that is widely recognized as a representation of financial prosperity and social status.

Affluent Whites

Refers to individuals from white ethnic backgrounds who possess considerable wealth or live in areas associated with high socioeconomic status.

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Psychoactive substances that induce perceptual and cognitive distortions and hallucinations.

Depressants

Substances that reduce the function or activity of a specific part of the body or brain, often leading to a state of calm or sleep.