A logistic regression analysis was done in an attempt to predict the value of industrial shipments by the number of production workers. For the purposes of this analysis, Value of Industrial Shipments is coded 0 if the value is small and 1 if the value is large. The Minitab output is given below. Study the output. What is the model? Comment on the strength of the predictor. Use the model to estimate the probability that a selected company has a large value of industrial shipments if its number of production workers is 30.

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Coefficients Term Coef Constant -3.07942 No. Prod. Wkrs. SE Coef Z-Value P-Value 0.535638 -5.75 0.000 0.0544532 0.0096833 -5.62 0.000 Regression Equation P(1) = exp (Y)/(1+ exp (Y')) Y'= -3.07942 + 0.0544532 No. Prod. Wkrs.