Question: Suppose the estimated index equation for the logit model is given by Z^Z^= 0.7+ 0.5X (1) The predicted probability of the binary-response variable being 1,

Suppose the estimated index equation for the logit model is given by

Z^Z^= 0.7+ 0.5X

(1) The predicted probability of the binary-response variable being 1, given X equals 1, is Answer.

(2) When X equals 1, the effect of a marginal increase in X on the probability of the binary-response variable being 1 is Answer per one unit increase in X.

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