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 Toefl500 makes a significant contribution to the model in the presence of the other independent variables 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 Toefl500 makes a significant contribution to the model in the presence of the other independent variables at a 0.05 level of significance.

Quizplus · Accepted Answer

The statement suggests that the p-value for Toefl500 is greater than 0.05, indicating that it does not significantly contribute to the model when other variables are considered.

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