Question: A binary logistic regression was fitted using a sample of employees of a large corporation to investigate if the employee?s monthly salary (Salary) predicts whether
A binary logistic regression was fitted using a sample of employees of a large corporation to investigate if the employee?s monthly salary (Salary) predicts whether (1) or not (0) the employee has a 401(k) retirement plan (401K). Use the fitted equation to predict the probability of a 401(k) plan for an employee whose monthly salary is
(a) $3,000;
(b) $5,000;
(c) $8,000.
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exp(-6.13 +.000881 Salary) 1+ exp(-6.13+.000881 Salary) P(401K) =
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