Logistic regression analysis was used to develop a model to predict if a company was a North
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Logistic regression analysis was used to develop a model to predict if a company was a North American company based on its Market Value. A variable was coded 1 if the company headquarters was located in North America, and coded 0 if the company headquarters was outside North America. The partial Minitab output is shown below. Using the regression equation, what is the probability that a company with a market value of 300 is a North American company? If the market value is 10, what is the probability that a company is a North American company?
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
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