what isnt clear

QUESTION THREE (10 MARKS) Geoffrey did a research to examine the effect of board characteristics on restatement of financial statements during external audit for Kenyan parastatal organizations. The board characteristics included were as follows: INDEPT = proportion of independent directors in audit committee ACSIZE = number of audit committee members MULT = proportion of directors holding more than one directorship. FREQ= actual number of meetings held in a year. FINEXP=proportion of directors in the audit committee with financial expertise TENURE=number of years a director is expected to serve in the audit committee. RESTATED =1, if corporation has reported financial statement restatement, =0 otherwise) SIZE= total assets of a corporation in Kes. millions He used logit regression to analyze data that was sourced from 141 state corporations and obtained the following output. a) Compute the odds ratio of each variable. (4 marks) b) Explain the meaning of the odds ratio for FINEXP and INDEPT (4 marks) c) What is the difference between a logit and a logistic regression model? (2 marks)