Let us revisit Example 17.5, based on the Mortgage Applications data, a portion of which was presented in Table 17.9. Estimate and interpret a logit model for mortgage approval y based on the applicant’s percentage of down payment x 1 and the applicant’s percentage of income-to-loan ratio x2. Make predictions of the approval probability for representative applicants. Compare the results of the logit model with those of the LPM.