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Like any other university, Seton Hall University uses SAT scores and high school GPAs as primary criteria for admission. Data for 30 students who had recently applied to Seton Hall were collected including admission (1 for admission and 0 otherwise) , SAT score, and GPA. Output for the model is shows below. Which of the following statements is correct about the individual significance of the variables at the 5% significance level?
Degrees Freedom
Degrees of freedom are the number of values in a calculation that are free to vary, often related to the sample size in statistical analyses.
F-ratio Equation
The statistical calculation used in ANOVA testing to compare the variance among group means to the variance within groups, indicating whether significant differences exist.
F-ratio Equation
A statistical formula used in ANOVA to compare variance among groups, calculated as the variance between the group means divided by the variance within the groups.
Household Income
The combined gross income of all members of a household who are 15 years old and older, whether related or not.
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