TABLE 17-11
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).
-True or False: Referring to Table 17-11,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 17-11
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). 
-True or False: Referring to Table 17-11,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 model's overall significance is 0.001, which is less than 0.05, indicating strong evidence that the model is a good-fitting model. Therefore, the statement is false.

TABLE 17-11 A Logistic Regression Model Was Estimated in Order to Predict