Consider a binary response variable y and an explanatory variable x that varies between 0 and 4 The linear model is estimated as 1 11 0 54x a Compute the estimated probability for x 2 and x 3 b For what values of x is the estimated probability negative or greater than one ...

a The estimated probability for x 2 is the esti ...

Consider a binary response variable y and an explanatory variable x that varies between 0 and 4.

Question:

Consider a binary response variable y and an explanatory variable x that varies between 0 and 4. The linear model is estimated as Ŷ = −1.11 + 0.54x.

a. Compute the estimated probability for x = 2 and x = 3.

b. For what values of x is the estimated probability negative or greater than one?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Business Statistics Communicating With Numbers

ISBN: 9780078020551

2nd Edition

Authors: Sanjiv Jaggia, Alison Kelly

See More Books

Question Posted: Dec 20, 2016 09:41 AM

See More Questions

Consider a binary response variable y and an explanatory variable x. The following table contains the parameter estimates of the linear probability model (LPM) and the logit model, with the...
Consider a binary response variable y and an explanatory variable x. The following table contains the parameter estimates of the linear probability model (LPM) and the logit model, with the...
Consider a binary response variable y and two explanatory variables x1 and x2. The following table contains the parameter estimates of the linear probability model (LPM) and the logit model, with the...
On January 1, 2014, Ultra Green Packaging purchased a used machine for $156,000. The next day, it was repaired at a cost of $4,068 and mounted on a new platform that cost $5,760. Management estimated...
Virginia and her husband, Ronnie Hulbert, were involved in an accident in Mobile County when their automobile collided with another automobile, driven by Dr. Murrays nanny. The nannys regular duties...
Vivianas Foods produces frozen meals that it sells for $11 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be produced...
Using the variance data for Menounos Manufacturing Co., prepare an income statement through gross profit for the year ended December 31, 20Y6. Assume the company sold 3,000 units at $100 per unit.
Oasis Health Care Inc. is owned and operated by Dr. George Hancock, the sole stockholder. During January 2013, Oasis Health Care entered into the following transactions: Jan. 1 Received $15,000 from...
Design Deterministic Finite Automata with for each of the following independent specifications. Design a DFA that accepts the words that have odd number of's. Design a DFA where the members of has at...
Towers Inc. (TI) is a leader in delivering communications technology that powers global commerce and secures the world's most critical information. Its shares trade on the Canadian and U.S. national...
The following table shows a portion of monthly data on the personal savings rate (Savings) and the personal disposable income (Income) in the U.S. from January 2007 to November 2010....
Consider a binary response variable y and an explanatory variable x that varies between 0 and 50. The linear probability model is estimated as = 0.92 0.02x. a. Compute the estimated probability for...
Create a program that will find and display the largest of a list of positive numbers entered by the user. The user should indicate that he/she has finished entering numbers by entering a 0.
Explain why it is possible that a firm with a production function that exhibits increasing returns to scale can run into diminishing returns at the same time.
What factors might cause the supply curve for loanable funds to increase (shift to the right)? Identify the effect that this shift would have on the equilibrium level of the interest rate. What...
Teresa won the Florida lottery and was given the option of receiving $22 million immediately or $1,250,000 at the end of each year for 30 years. a. If Teresa opts for the 30 annual payments, how much...
The Republic of South Africa is one of the strongest economies in Africa, with a per-capita GDP at $13,400 in 2017. The World Bank has estimated that South Africa has a Gini index of 63 (out of a...
From either an international newspaper such as the Financial Times, the business section of a local daily business newspaper, or the Internet, look up the prime interest rate, the corporate bond...
Write the systematic name for each of the following compounds represented by a molecular model. a. b. c. Se
On March 31, 2018, Gardner Corporation received authorization to issue $30,000 of 9 percent, 30-year bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated...
Consider the following sample data: a. Find the sample regression equation, = b0 + b1x1 + b2x2. b. Construct the 95% confidence interval for E(y) if x1 equals 50 and x2 equals 20. c. Construct the...
Using the data in the accompanying table estimate the model: Salary = 0 + 1 Education + , where Salary is measured in $1,000s and Education refers to years of higher education. a. Construct the 90%...
With the data in the accompanying table, estimate GPA = 0 + 1 GRE + , where GRE is a students score on the math portion of the Graduate Record Examination and GPA is the students grade point...
The finance controller is seeking process improvement to reduce customer complaints due to late billings. The concerned departments include customer service who receives and processes orders,...
The Student Registration System (SRS) allows students to register for course offerings. This process entails a student requesting enrollment in a particular class. Enrollment in a class is contingent...
1. Jane Spring maintained this record of vehicle expenses for last year: gas, $845.96; oil, lube, miscellaneous, $68.85; insurance, $418.50; and license, $35.00. She drove 8,280 miles last year. Her...

Consider a binary response variable y and an explanatory variable x that varies between 0 and 4.

Question:

Step by Step Answer:

a The estimated probability for x 2 is the esti...View the full answer

Business Statistics Communicating With Numbers

Students also viewed these Statistics questions