SCENARIO 14-18 a Logistic Regression Model Was Estimated in Order

question 10

Short Answer

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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Definitions:

Newspapers

Printed publications consisting of sheets of paper that contain news, articles, advertisements, and other information.

Years

Units of time consisting of 365 or 366 days, divided into 12 months, used as a measure of time passing and for historical timelines.

Power Elite Model

A theory in sociology that suggests power is concentrated in the hands of a small, elite group of people, institutions, and corporations.

Commercial Enterprises

Businesses or companies engaged in the buying and selling of goods or services with the aim of earning profits.