Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 9-3 Algo Consider a binary response variable y and two predictor variables x1 and x2. The following table contains the parameter estimates of the

image text in transcribedimage text in transcribed
Exercise 9-3 Algo Consider a binary response variable y and 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 p- values shown in parentheses. Variable LPM Logistic -0. 50 -1. 90 Intercept (0.02) (0. 06) 0 . 26 0. 99 *1 (0.06) (0. 06) -0 . 06 -0. 30 X2 (0. 01) (0. 04) a. At the 5% significance level, comment on the significance of the variables for both models. Variable LPM Logistic X1 Not significant Not significant X2 Significant Significant . . ...b. What is the predicted probability implied by the linear probability model for x1: 8 with x2 equal to 10 and 25? 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 '36). c. What is the predicted probability implied by the logistic model for x1: 8 with x2 equal to 10 and 25? 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 '36)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus I With Integrated Precalculus

Authors: Laura Taalman

1st Edition

1464153027, 9781464153020

More Books

Students also viewed these Mathematics questions