Question: Table 13.5 shows the take-up probability predicted by two different bid-response models and the actual outcome of 10 historical bids for a telecommunications company. a.

Table 13.5 shows the take-up probability predicted by two different bid-response models and the actual outcome of 10 historical bids for a telecommunications company.

a. What are the RMSE, concordance, and log-likelihood of each model based on the data shown?

b. Which model performed better on these data?

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