For the home ownership data given in Table 15.1, the maximum likelihood estimates of the logit model are as follows:

Comment on these results, bearing in mind that all values of income above 16 (thousand dollars) correspond to Y = 1 and all values of income below 16 correspond to Y = 0. A priori, what would you expect in such a situation?

= In -493.54 + 32.96 income 1 P, t= (-0.000008)(0.000008)