The director of graduate studies at a college of business wants to predict the success of students
Question:
a. Develop a logistic regression model to predict the probability of successful completion of the MBA program based on undergraduate grade point average and GMAT score.
b. Explain the meaning of the regression coefficients for the model in (a).
c. Predict the probability of successful completion of the program for a student with an undergraduate grade point average of 3.25 and a GMAT score of 600.
d. At the 0.05 level of significance, is there evidence that a logistic regression model that uses undergraduate grade point average and GMAT score to predict probability of success in the MBA program is a good-fitting model?
e. At the 0.05 level of significance, is there evidence that undergraduate grade point average and GMAT score each make a significant contribution to the logistic regression model?
f. Develop a logistic regression model that includes only undergraduate grade point average to predict probability of success in the MBA program.
g. Develop a logistic regression model that includes only GMAT score to predict probability of success in the MBA program.
h. Compare the models in (a), (f), and (g). Evaluate the differences among the models.
Step by Step Answer:
Basic Business Statistics Concepts And Applications
ISBN: 9780132168380
12th Edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel