Does a new car owner?s monthly car payment (CarPmt) predict whether (1) or not (0) the owner
Question:
Does a new car owner?s monthly car payment (CarPmt) predict whether (1) or not (0) the owner subscribes to satellite radio (SatRad)? Use the fitted logistic model below to predict the probability of subscribing to satellite radio for a car owner whose monthly car payment is
(a) $350;
(b) $450;
(c) $550.
Transcribed Image Text:
exp(-11.96 +.02421 CarPmt) 1+ exp(-11.96 +.02421 CarPmt) P(SatRad):
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Related Book For
Essential Statistics In Business And Economics
ISBN: 9781260239508
3rd Edition
Authors: David Doane, Lori Seward
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