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

question 294

True/False

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, there is not enough evidence to conclude that the model is not a good-fitting model at a 0.05 level of significance.

---

Definitions:

Sample

A subset of a population selected for measurement, observation, or questioning to provide statistical information about the whole.

Biased Sample

A sample that does not accurately represent the population from which it was drawn, usually due to prejudiced selection methods.

Representative Sample

A segment of a population that correctly embodies the traits of the entire population group.

Biased Population

A group in which certain characteristics are over- or underrepresented, leading to skewed or unrepresentative sample outcomes.