Question
a) A logistic regression model with one predictor, Reserve, has been fitted on a dataset in order to predict the probability of Bankruptcy=Yes. The estimated
a) A logistic regression model with one predictor, Reserve, has been fitted on a dataset in order to predict the probability of Bankruptcy=Yes. The estimated coefficient for the intercept is -10.6513. Based on the fitted model, the probability of bankruptcy for a company with a reserve 1500 is 0.083704. What is the probability of bankruptcy for a company with a reserve valued at 2000?
b) The following is the output of fitting a logistic regression using 5 factors (predictors) of a dataset to predict admissions. Which factors are statistically significant? Select one significant predictor and interpret the coefficient of the predictor.
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