Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I can't seem to figure out how to perform the logit function calculations for the question below. Would you be able to assist and walk

I can't seem to figure out how to perform the logit function calculations for the question below. Would you be able to assist and walk me though it?

image text in transcribed
Question 7 0 / 2 pts Suppose the model was run and the following were the estimates of the logit model: Constant: -2.0 Age: 0.05 Income: -0.02 Political affiliation: 5.00 (All estimates are statistically significant) Answer the next TWO questions based on these estimates. What is the probability that a 50-year-old democrat with an annual income of 125 K is an Obamacare supporter? Answered O 85.25% O 75.32% O 90.45% ct Answer O 95.25%

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

Marketing Management

Authors: Philip R Kotler, Kevin Lane Keller, Subramanian Sivaramakrishnan, Peggy H. Cunningham

14th Canadian Edition

132161079, 978-0133076752, 013307675X, 978-0132161077

More Books

Students also viewed these Marketing questions

Question

Why is a computer necessary in an MRP system?

Answered: 1 week ago