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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, which of the following is the correct interpretation for the SAT slope coefficient?
Health Benefits
The positive effects or outcomes on physical, mental, and social well-being obtained through healthcare services, good nutrition, exercise, and healthy lifestyle choices.
Government Transfer Program
Programs operated by governments to redistribute income across various segments of society, often from those with higher income to those in need, such as welfare or social security.
Low-Income Families
Households earning significantly below the median income level of a region, often facing financial difficulties and limited access to basic needs and services.
Social Security System
A government-sponsored program providing monetary assistance to people with an inadequate or no income.
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