A binary logistic regression was fitted using a sample of employees of a large corporation to investigate if the employee?s monthly salary (Salary) predicts whether (1) or not (0) the employee has a 401(k) retirement plan (401K). Use the fitted equation to predict the probability of a 401(k) plan for an employee whose monthly salary is

(a) $3,000;

(b) $5,000;

(c) $8,000.

Transcribed Image Text:

exp(-6.13 +.000881 Salary) 1+ exp(-6.13+.000881 Salary) P(401K) =