The federal government of Malaysia has recently implemented the Conditional Control Movement Order (CMCO) in Perak from 9 November 2020 to 6 December 2020 as a preventive measure in response to the COVID-19 pandemic in the country. This inspired Chloe to study if the implement of CMCO would affect people's likelihood of being satisfied with life in Perak. Hence, she surveyed 300 respondents in Kampar, asking them if they were satisfied with their lives in the first week of CMCO and also if the CMCO will cause them anxiety or depression. Furthermore, she also collected the data on respondent's monthly income (in RM thousand), age (year), and education level (1 graduated from primary school; 2 - graduated from secondary; 3 - graduated with diploma certificate or higher qualification). How can she examine the effect of anxiety during CMCO on the respondent's life satisfaction by logit modelling? Your answer should include the definition of the variable, the statement of the model and the hypothesis testing. . (10 marks) Table 1 displays the results of LPM, logit, and probit that obtained by Chloe in her study. b. Table 1: Binary Choice Models for Life satisfaction Probit Model 0.2525 (4.04) -0.978 Logit Model 0.2114 Variable LPM 0.2021 Constant (1.26) -2.1292 (3.49) -1.625 Anxiety (-2.05) 0.234 (-2.66) 0.112 (-3.66) 0.132 Income: (3.33) 0.034 (3.68) 0.004 (4.66) 0.005 Age (2.92) 0.228 (3.33) (3.99) 0.172 0.165 Education (2.96) Note: t-statistics/ z- statistics are reported in parentheses. (2.99) (3.64) (i) Interpret the estimates of Anxiety. (6 marks) (ii) Estimate the probability of Kaylyn (age: 35 years old) to be satisfied with her life where she felt anxiety during CMCO, she earned RM3000 per month and she is a graduate from UTAR. (12 marks)