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A researcher studies a sample of 10,000 individuals who considered going on a trip to Eastern Europe last year, some individuals did go on the

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A researcher studies a sample of 10,000 individuals who considered going on a trip to Eastern Europe last year, some individuals did go on the trip while some did not. The average cost of a trip to Eastern Europe is $110 a day, per individual. Let CIS denote an individual's cost to savings ratio and let y be a binary variable that takes the value 1 if the individual goes on a trip to Eastern Europe, and otherwise. The researcher estimates the probability that an individual goes on a trip through the following regression equation: Pr[Y=11(C7S))=0/2.8-42C1S). (0.76) (0.95) Standard errors are given in parentheses Jack, who has savings of $2,800, is considering going backpacking through Eastern Europe for 15 days The probability that Jack will go backpacking through Eastern Europe is % (Round your answer to two decimal places)

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