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:
-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?

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Definitions:

Used An Analogy

Employing a comparison between two different things for the purpose of explanation or clarification.

Mental Set

A habitual strategy or pattern of approach to problem-solving that is based on past experiences and successes.

Working Backward

A problem-solving strategy where one starts from the goal state and works in reverse to reach the initial state.

Sudden Insight

A moment of clarity in which the solution to a problem is instantly understood without the need for conscious reasoning.