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

question 53

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 probability that a school with a mean SAT score of 1250, a TOEFL criterion that is at least 550, and the room and board expense of 5 thousand dollars will be a private school?

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Definitions:

Scientific Method

A systematic and logical approach to discovering how things in the universe work, through observation, experimentation, and analysis.

Hypothesis Testing

A statistical method used to determine if there is enough evidence in a sample of data to infer that a certain condition is true for the entire population.

Content Analysis

A research technique used to objectively and systematically analyze the content of communication, such as texts, images, and media.

Cultural Changes

Transformations in the beliefs, norms, values, and practices of a society or community over time.