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Insurance Premium Income 1 0 88 0 0 60 1 52 48 1 66 55 1 71 38 1 44 78 1 36 83 0

Insurance Premium Income
1 0 88
0 0 60
1 52 48
1 66 55
1 71 38
1 44 78
1 36 83
0 50 50
1 80 36
1 66 44
0 50 42
0 60 50
1 0 90
0 50 62
1 55 73
1 64 80
1 80 44
1 0 70
0 0 50
1 80 76
1 80 58
0 70 36
0 60 44
1 40 60
1 50 62
1 80 42
1 70 59
0 0 64
1 80 42
0 60 60

a. Analyze the linear probability model for insurance coverage with premium percentage (x1) and income (x2) used as the predictor variables.

Note: Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.

b-1. 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?

Note: Round coefficient estimates to at least 4 decimal places and final answer to 2 decimal places. Report the probability between 0 and 1 (not in %).

b-2. What if her employer contributes 75% of the premium?

Note: Round coefficient estimates to at least 4 decimal places and final answer to 2 decimal places. Report the probability between 0 and 1 (not in %).

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