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SCENARIO 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 and whether the TOEFL criterion is at least 90 (Toefl90 = 1 if yes, 0 otherwise.)The dependent variable, Y, is school type (Type = 1 if private and 0 otherwise).There are 80 universities in the sample. The PHStat output is given below:
-Referring to Scenario 14-18, what is the p-value of the test statistic when testing whether the model is a good-fitting model?
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