SCENARIO 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 and whether the TOEFL criterion is at least 90 (Toefl90 = 1 if yes, 0 otherwise.)The dependent variable, Y, is school type (Type = 1 if private and 0 otherwise).There are 80 universities in the sample. The PHStat output is given below:
-Referring to Scenario 14-18, the null hypothesis that the model is a good- fitting model cannot be rejected when allowing for a 5% probability of making a type I error.

Question

SCENARIO 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 and whether the TOEFL criterion is at least 90 (Toefl90 = 1 if yes, 0 otherwise.)The dependent variable, Y, is school type (Type = 1 if private and 0 otherwise).There are 80 universities in the sample. The PHStat output is given below: 
-Referring to Scenario 14-18, the null hypothesis that the model is a good- fitting model cannot be rejected when allowing for a 5% probability of making a type I error.

Quizplus · Accepted Answer

The statement is incorrect because the null hypothesis in the context of model fitting typically states that the model does not fit the data well. Not being able to reject this null hypothesis would imply that there is not enough evidence to say the model fits well, especially when considering a 5% probability of making a Type I error.

SCENARIO 14-18 a Logistic Regression Model Was Estimated in Order