Question: Suppose logistic regression is used to develop a second model from the Manufacturing database discussed in problem 14.25 to predict the value of industrial shipments

Suppose logistic regression is used to develop a second model from the Manufacturing database discussed in problem 14.25 to predict the value of industrial shipments by two variables, Number of Production Workers and New Capital Expenditures. The Minitab output for this analysis is given below. Since number of production workers was used as the single predictor in Problem 14.25, how does this output compare to that given in Problem 14.25?

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Use the model to estimate the probability that a selected company has a large value of industrial shipments if their number of production workers is 80 and new capital expenditures are 1,000.

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The logistic regression model is The G statistic is 139132 which is bigger than the G 97492 for the ... View full answer

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