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

question 250

Multiple Choice

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, which of the following is the correct interpretation for the Tofel500 slope coefficient?

• A)Holding constant the effect of the other variables, the estimated mean value of school type is 0.39 lower when the school has a TOEFL criterion that is at least 550.
• B)Holding constant the effect of the other variables, the estimated school type decreases by 0.39 when the school has a TOEFL criterion that is at least 550.
• C)Holding constant the effect of the other variables, the estimated natural logarithm of the odds ratio of the school being a private school is 0.39 lower for a school that has a TOEFL criterion that is at least 550 than one that does not.
• D)Holding constant the effect of the other variables, the estimated probability of the school being a private school is 0.39 lower for a school that has a TOEFL criterion That is at least 550 than one that does not.

Understand the process and importance of computing depreciation for assets.

Recognize the various methods of depreciation and the factors affecting their selection.

Calculate depreciation using different methods such as double-declining-balance, straight-line, and units-of-production.

Identify the impact of residual value and useful life on the depreciation process.

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Definitions:

Organ of Hearing

The ear, particularly the inner part, which includes structures such as the cochlea that are essential for the auditory perception.

Temporal Bone

A bone situated on the side of the skull, containing the organs of hearing and balance.

Cataract

Complete or partial opacity of the lens of the eye.

Lens of the Eye

A transparent structure behind the iris of the eye that helps to refract light to be focused on the retina.