Question
A cruise company wants to know which factors influence an individual's interest to go for a cruise vacation. It conducted a survey of sixteen people
A cruise company wants to know which factors influence an individual's interest to go for a cruise vacation. It conducted a survey of sixteen people chosen randomly. The survey asked the participants about their annual income (in $000), age (in years), and whether they had ever been in a cruise (1 - Yes, 0 - No). A logistic regression was developed to predictCruisewithIncomeandAge. See the regression coefficients. __________________________________________________ Suppose a person is 65 years old. What will be the minimum income (in $000) which will enable this person to belong to Class 1? Use the cutoff probability of 0.5 for this problem.Round your answer to whole number. For example, 23.4 should be written as 23 and 23.5 as 24. Also, do not type $; just type the number.
Survey Data Person Income Age Cruise 1 93 60 1 Regression Coefficients 87 61 3 67 85 Predictor Estimate 4 86 75 Intercept -14.14 5 81 55 O Income 0.02 60 73 Age 0.20 75 63 8 62 47 O 90 61 10 56 70 O 11 60 45 O 12 69 20 13 65 27 14 60 40 O 15 55 37 O 16 40 65Step by Step Solution
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