Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider a binary response variable yand two predictor variables x1 and x2. The following table contains the parameter estimates of the linear probability model (LPM)
Consider a binary response variable yand two predictor variables x1 and x2. The following table contains the parameter estimates of the linear probability model (LPM) and the logistic regression model, with the associated pvalues shown in parentheses. Variable LPH Logistic -0.40 -l.90 Intercept (0-05, (0.02! 1'1 0.39 1.00 (0.04) (0.06) x 0.02 0.10 2 (0.06) (0.02) a. What is the predicted probability implied by the linear probability model for x1 = 9 with x2 equal to 15 and 20?Note: Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report the probability between Cl and 1 {not in '36]. b. What is the predicted probability implied by the logistic model for x1: 9 with x2 equal to 15 and 20? Note: Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report the probability between 0 and 1 (not in $6)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started