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Table 3.2 Parameter Estimates Wald Test Analysis of Maximum Likelihood Estimates Standard Wald Parameter DF Estimate Error Chi-Square Pr>ChiSq Intercept 2.1020 5.0838 0.0242 Income 0.0231
Table 3.2 Parameter Estimates Wald Test Analysis of Maximum Likelihood Estimates Standard Wald Parameter DF Estimate Error Chi-Square Pr>ChiSq Intercept 2.1020 5.0838 0.0242 Income 0.0231 5.8280 0.0158 CarAge 0.3901 2.3553 0.1249 Based on Table 3.2, answer questions (3) to (8) (3) Find the maximum likelihood estimates of regression coefcients bu, b1, and b2, and then write out the logistic regression equation described by this output (legit form). (4) Based on Table 3.2, what are the chi-square values for X1 and X2 (using Wald test), respectively? (5) Based on Table 3.2, obtain odds ratio for X1 and X2, respectively. Interpret odds ratios. (6) Write the equation to show 95% condent interval for odds ratio (OR) of X1. (6) Write the equatiOn to show 95% condent interval for odds ratio (OR) of X1. (ggO677-L96X00281), exp(0.0677+1.96x0.0281)) (7) What is the estimated probability that a family with the income $40 thousand and an oldest car of 2 years will purchase a new car next year? (Write the equation and put the values for independent variables in the equation). P = exp Q b1*X1+b2 * X2)/ {1 + expfbo+ b1*X1+ b2 '8 3(2)}: b0 = 4.7393, bl= 0.0677, b2=0.5986, X1=40, X2=2. (8) What is the slope of the variable X1? Is it statistically signicant at 5% level? How do you know
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