renewable=0.9100+0.0009sqft0.3437solar. 6. Does an increase in square footage increase or decrease the probability of purchasing renewable electricity? 7. Does having solar panels increase or decrease the probability of purchasing renewable electricity? 8. What is the predicted probability if a home is 1,000 square feet and does not have solar panels (i.e., sqft =1,000 and solar =0 )? You'll need to use the formula renewable = 1+exp((^+^sqft+^solar))21, where exp((^+^sqft+^ solar ))=1.0101. 9. What is the predicted probability if a home is 1,001 square feet and does not have solar panels (i.e., sqft =1,001 and solar =0 ) ? You'll need to use the formula renewable = 1+exp((^+^sqft+^solar))21 where exp((^+^sqft+^ solar ))=1.0091 10. Based on your answers to (8.) and (9.), what is the partial effect of a 1-unit increase in square footage? 11. What advantage does the logit model have over the linear probability model? Hint: Your answer to (5.) should demonstrate an issue with the predicted probabilities from a linear probability model. renewable=0.9100+0.0009sqft0.3437solar. 6. Does an increase in square footage increase or decrease the probability of purchasing renewable electricity? 7. Does having solar panels increase or decrease the probability of purchasing renewable electricity? 8. What is the predicted probability if a home is 1,000 square feet and does not have solar panels (i.e., sqft =1,000 and solar =0 )? You'll need to use the formula renewable = 1+exp((^+^sqft+^solar))21, where exp((^+^sqft+^ solar ))=1.0101. 9. What is the predicted probability if a home is 1,001 square feet and does not have solar panels (i.e., sqft =1,001 and solar =0 ) ? You'll need to use the formula renewable = 1+exp((^+^sqft+^solar))21 where exp((^+^sqft+^ solar ))=1.0091 10. Based on your answers to (8.) and (9.), what is the partial effect of a 1-unit increase in square footage? 11. What advantage does the logit model have over the linear probability model? Hint: Your answer to (5.) should demonstrate an issue with the predicted probabilities from a linear probability model