a. Write down the estimated logit probability function

b. Calculate the probability of buying the product if income is $70 (i.e., $70,000).

c. Calculate the odds of buying the product if income is $70 (i.e., $70,000).

d. Calculate and interpret the meaning of the odds ratio if income changes from $70 to $71.

Person Income (000) Purchase $31 No 2 $50 No 3 $33 No 4 $77 Yes 5 $54 Yes 6 $78 Yes 7 $21 No 8 $46 Yes 9 $66 No 10 $89 Yes