SCENARIO 18-11 a Logistic Regression Model Was Estimated in Order

question 242

Short Answer

SCENARIO 18-11 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 Scenario 18-11, what is the estimated odds ratio for a school with an mean SAT score of 1250, a TOEFL criterion that is at least 550, and the room and board expense of 5 thousand dollars?

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Definitions:

Government Regulation

The act of controlling, directing, or managing activities, industries, or market practices through laws and rules set forth by government agencies.

Procedural Due Process

The legal requirement that state must respect all legal rights that are owed to a person, involving a fair and public hearing.

Untenured Assistant Professor

An academic faculty member at the beginning of their career path who has not yet achieved tenure, implying a lack of permanent job security.

Public University

An educational institution of higher learning that is primarily funded by the government and accessible to the public.