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

question 156

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 should be the decision ('reject' or 'do not reject')on the null hypothesis when testing whether Toefl90 makes a significant contribution to the model in the presence of SAT at a 0.05 level of significance?

Recognizing the influence of situational factors versus personality traits on behaviors.

Applying knowledge of cognitive dissonance and its effects on behavior.

Analyzing the effects of social roles and role playing on attitudes and behaviors.

Distinguishing between central and peripheral route persuasion and their applications.

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Definitions:

Multiple-Step Income Statement

An income statement that breaks down revenues and expenses into separate categories, such as operating and non-operating, to highlight different aspects of business performance.

Administrative Expenses

Expenses related to the general operations of a business, such as salaries of non-sales personnel and office supplies.

Rent Revenue

Money received for rent.

Purchases Discounts

Reductions in price given by suppliers to businesses when they buy goods or services, often provided for early payment.