Examlex

Solved

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

question 114

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: 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 a mean SAT score of 1100, a TOEFL criterion that is not at least 550, and the room and board expense of 7 thousand dollars?
-Referring to Scenario 18-11, what is the estimated odds ratio for a school with a mean SAT score of 1100, a TOEFL criterion that is not at least 550, and the room and board expense of 7 thousand dollars?


Definitions:

Client Specifications

Client specifications are detailed descriptions provided by a client outlining the requirements, standards, and criteria for a project or product.

Quality

Good or service that is free of deficiencies.

Prices

The amounts of money expected, required, or given in payment for something.

Dependability of Delivery

The reliability with which a company or supply chain delivers products or services to its customers in the promised time frame.

Related Questions