Shown below is Minitab output from a logistic regression analysis to develop a model to predict whether
Question:
Discuss the strength or lack of strength of the model and the predictor. Use the output to compute the predicted probability that a person would purchase something if he/she drives 5 miles to get to the store. Now calculate the probabilities for 4 miles, 3 miles, 2 miles, and 1 mile. What happens to the probability over thesevalues?
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
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