TABLE 14-18
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 Table 14-18, there is not enough evidence to conclude that the model is not a good-fitting model at a 0.05 level of significance.

Question

TABLE 14-18
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 Table 14-18, there is not enough evidence to conclude that the model is not a good-fitting model at a 0.05 level of significance.

Quizplus · Accepted Answer

The p-value for the Wald chi-square statistic is 0.269, which is greater than the significance level of 0.05. Therefore, we fail to reject the null hypothesis and conclude that there is not enough evidence to suggest that the model is not a good fit.

TABLE 14-18 A Logistic Regression Model Was Estimated in Order to Predict