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, which of the following is the correct interpretation for the SAT slope coefficient?
Definitions:
Opportunity Cost
The loss incurred from potential opportunities when one choice is made over others.
Absolute Advantage
A condition where a country, entity, or individual can produce a good or service more efficiently than competitors using the same amount of resources.
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost compared to others.
Minutes
Units of time equal to one-sixtieth of an hour or 60 seconds, often used to measure the duration of events or periods of time.
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