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4. When the Titanic sank in 1912, there were over 1,300 passengers aboard. A random sample of 50 passengers that were aboard is taken. The
4. When the Titanic sank in 1912, there were over 1,300 passengers aboard. A random sample of 50 passengers that were aboard is taken. The amount they paid for the voyage and whether or not they survived is recorded. A model is fit to predict the probability they survived when the ship sank is obtained. 4Logistic Fit of Survived By Fare 1.00 0.75- No ... . Survived 0.50 0.25 Yes 50 100 150 200 Fare 4 Parameter Estimates Term Estimate Std Error ChiSquare Prob> ChiSq Intercept -1.404254 0.4353289 10.41 0.0013 Fare 0.01246686 0.0097945 1.62 0.2031 For log odds of Yes/No a) Suppose someone paid a fare of 25 pounds. Predict the probability they survived. b) How much would someone pay to have at least a 65% chance of survival
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