Question: As in example 5, suppose we know 1 = 0.35, 2 = 0.02, 3 = 1/100,000, 4 = 0.1. George has 12 years of education
As in example 5, suppose we know β1 = −0.35, β2 = 0.02, β3 =
1/100,000, β4 = −0.1. George has 12 years of education and makes
$40,000 a year. His brother Harry also has 12 years of education but makes $50,000 a year. True or false, and explain: according to the model, the probability that Harry read a book last year is 0.1 more than George’s probability. If false, compute the difference in probabilities.
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