(27) Now estimate a logit model where Y=approve and include the following Xs: X1=gdlin X2=hh_expenditures X3=black X4=Hispanic What is the marginal effect of household expenditures on loan approval probability for someone who meets the loan guidelines, has $30,000 per year in expenditures, is not Black, and is Hispanic? II = = II = II II II = = = = II II II = = = !!! /* (28) Is the marginal effect of household expenditures in (97) statistically significant? = = = II = II = II II = II Il = II II II II = II II = II = = = II 11 = II = = II = II II = II II = II II II II = II II = II Il II II = Il 11 = = /*=== (29) What is the predicted probability of loan approval for a person with the characteristics described in (07)? Please calculate by hand. Then you may use Stata to confirm. = = Il = Il = II = Il II Il = Il Il ii II = = = = / /*==== (Q10) What is the predicted probability of loan approval for a person with the same characteristics as described in (27), except the person is non-Hispanic? Please calculate by hand. = = 11 II = II II II Notes # Name Label Type Format Value label gdlin =1 if loan applicant met all r... float %9.0g bankruptcy =1 if loan applicant ever file... float %9.0g hh_expenditures Loan applicant's average ho... float %9.0g term Term of the loan measured in months (i.e., # of payments due) apr Annual cost to the borrowe... float %9.0g black = 1 if loan applicant is black,... float %9.0g hispan = 1 if loan applicant is Hispa... float %9.0g male =1 if loan applicant is male, ... float %9.0g approve = 1 if loan applicant is appr... float %9.0g (27) Now estimate a logit model where Y=approve and include the following Xs: X1=gdlin X2=hh_expenditures X3=black X4=Hispanic What is the marginal effect of household expenditures on loan approval probability for someone who meets the loan guidelines, has $30,000 per year in expenditures, is not Black, and is Hispanic? II = = II = II II II = = = = II II II = = = !!! /* (28) Is the marginal effect of household expenditures in (97) statistically significant? = = = II = II = II II = II Il = II II II II = II II = II = = = II 11 = II = = II = II II = II II = II II II II = II II = II Il II II = Il 11 = = /*=== (29) What is the predicted probability of loan approval for a person with the characteristics described in (07)? Please calculate by hand. Then you may use Stata to confirm. = = Il = Il = II = Il II Il = Il Il ii II = = = = / /*==== (Q10) What is the predicted probability of loan approval for a person with the same characteristics as described in (27), except the person is non-Hispanic? Please calculate by hand. = = 11 II = II II II Notes # Name Label Type Format Value label gdlin =1 if loan applicant met all r... float %9.0g bankruptcy =1 if loan applicant ever file... float %9.0g hh_expenditures Loan applicant's average ho... float %9.0g term Term of the loan measured in months (i.e., # of payments due) apr Annual cost to the borrowe... float %9.0g black = 1 if loan applicant is black,... float %9.0g hispan = 1 if loan applicant is Hispa... float %9.0g male =1 if loan applicant is male, ... float %9.0g approve = 1 if loan applicant is appr... float %9.0g