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FILE Health_Insurance. According to the 2017 census, just over 90% of Americans have health insurance (CNBC, May 22, 2018). However, a higher percentage of Americans
FILE Health_Insurance. According to the 2017 census, just over 90% of Americans have health insurance (CNBC, May 22, 2018). However, a higher percentage of Americans on the lower end of the economic spectrum are still without coverage. Consider a portion of data in the following table relating to insurance coverage (1 for coverage, 0 for no coverage) for 30 working individuals in Atlanta, Georgia. Also included in the table is the percentage of the premium paid by the employer and the individual's income (in $1,000s). Premium Insurance Percentage Income 0 88 0 0 60 0 60 60 a. Analyze the linear probability model for insurance coverage with premium percentage and income used as the predictor variables. b. Consider an individual with an income of $60,000. What is the probability that she has insurance coverage if her employer contributes 50% of the premium? What if her employer contributes 75% of the premium? FILE Health_Insurance. Refer to the previous exercise for a description of the data set. Estimate the logistic regression model where insurance coverage depends on premium percentage and income. Consider an individual with an income of $60,000. What is the probability that she has insurance coverage if her employer contributes 50% of the premium? What if her employer contributes 75% of the premium
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