Question: Consider a binary response variable y and two predictor variables xy and x2. The following table contains the parameter estimates of the linear probability model

Consider a binary response variable y and two
Consider a binary response variable y and two
Consider a binary response variable y and two predictor variables xy and x2. The following table contains the parameter estimates of the linear probability model (LPM) and the logistic regression model, with the associated p-values shown in parentheses. a. At the 5% significance levet, comment on the significance of the variables for both models. b. What is the predicted probability implied by the linear probability model for x=9 with x2 equal to 10 and 24 ? Note: Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report the probability between 0 and 1 (not in %). c. What is the predicted probability implied by the logistic model for x1=9 with x2 equal to 10 and 24 ? Note: Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report the probobility between 0 and 1 (not in %)

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