Refer to the Simmons Stores example introduced in this section The dependent variable is coded as y 1 if the customer used the coupon and 0 if not Suppose that the only information available to help predict whether the customer will use the coupon is the customer 's credit card status, coded as x 1...

a b It is an estimate of the probability that a customer that does not have a Simmons credit card wi ...

Refer to the Simmons Stores example introduced in this section. The dependent variable is coded as y

Question:

Refer to the Simmons Stores example introduced in this section. The dependent variable is coded as y = 1 if the customer used the and 0 if not. Suppose that the only information available to help predict whether the customer will use the is the customer's credit card status, coded as x = 1 if the customer has a Simmons credit card and x = 0 if not.
a. Write the logistic regression equation relating x to y.
b. What is the interpretation of E(y) when x = 0?
c. For the Simmons data in Table 15.11, use Minitab to compute the estimated logit.
d. Use the estimated logit computed in part (c) to compute an estimate of the probability of using the for customers who do not have a Simmons credit card and an estimate of the probability of using the for customers who have a Simmons credit card.
e. What is the estimate of the odds ratio? What is its interpretation? Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...