Using 40 observations, the following output was obtained when estimating the logit model a What is the predicted probability when x1 15, x2 10, and x3 2 b At the 5 significance level, which of the explanatory variables are significant Predictor Coef SE Constant 609 1 405 1 145 0 252 0 1940 1431 357 0 177 0 202 0 2150 9400 348 0 223 0 0862 5930 010 X3

Question: Using 40 observations, the following output was obtained when estimating the logit model. a. What is the predicted probability when x1 = 15, x2 =

Using 40 observations, the following output was obtained when estimating the logit model.

a. What is the predicted probability when x1 = 15, x2 = 10, and x3 = âˆ’ 2?
b. At the 5% significance level, which of the explanatory variables are significant?

Predictor Coef SE Constant .609 1.405 1.145 0.252 -0.1940.1431.357 0.177 0.202 0.2150.9400.348 0.223 0.0862.5930.010 X3

Step by Step Solution

★★★★★

3.39 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a The logit model is estimated as When b With a p value o... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1140-M-S-L-R(8798).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

The data from Exercise 3.26 were entered into a MINITAB worksheet, and the following output was obtained. Exercise 3.26 How much money do movies make on a single weekend? Does this amount in any way...

Using 30 observations, the following output was obtained when estimating the logit model. a. What is the predicted probability when x = 0.40? b. Is x significant at the 5% level? Predictor Coef SE...

Recall the previous exercise, which described the Italian firm Ma-Vib that was in the news for sexual discrimination for having chosen only its female employees to be dismissed. Before the layoff s,...

Using 40 observations, the following output was obtained when estimating the logit model. Predictor Coef SE Z P Constant 1.609 1.405 1.145 0.252 x1 0.194 0.143 1.357 0.177 x2 0.202 0.215 0.940...

Using 30 observations, the following output was obtained when estimating the logit model. Predictor Coef SE Z P Constant 0.192 0.150 1.28 0.200 x 4.901 1.300 3.77 0.000 a. What is the predicted...

Using 40 observations, the following output was obtained when estimating the logistic regression model. Predictor Coef SE Z P Constant 1.609 1.405 1.145 0.252 x1 0.194 0.143 1.357 0.177 x2 0.202...

Regression analysis Please go to documents for "Appendix:MINITABoutput. "Use the Minitab output for the gasoline mileage data to answer questions that refer to output. You do not need the data, but...

y x1 10 11 11 13 10 11 10 11 4 2 7 10 9 9 6 5 5 5 6 4 3 3 4 10 6 8 2 0 x2 2113 2003 2957 2285 2971 2309 2528 2147 1689 2566 2363 2109 2295 1932 2213 1722 1498 1873 2118 1775 1904 1929 2080 2301 2040...

Maintenance Refer to the Buena School District bus data. First, add a variable to change the type of bus (diesel or gasoline) to a qualitative variable. If the bus type is diesel, then set the...

Applied Regression Analysis: Best Subsets Regression Best Subsets Regression: y versus x1, x2, x3, x4, x5 Response is y Vars 1 1 2 2 3 3 4 4 5 R-Sq 79.7 16.7 80.6 79.8 80.7 80.7 80.7 80.7 80.8...

The Hifalutin Co. has perpetual EBIT of $3,000. It has no debt in its capital structure, and its cost of equity is 15%. The corporate tax rate is 40%. There are 300 shares outstanding. Hifalutin has...

Adams Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Adams has budgeted sales as indicated in the following table. The company expects a...

If interest is compounded semi - annually rather than annually, then: Multiple Choice

The debt-GDP ratio: (a) The primary deficit is Gt Tt; that is, it excludes interest payments. The government debt evolves according to Bt+1 = 11 + i2Bt + Gt Tt. So if the primary deficit is zero,...

The homeownership rate in the United States was 67.4% in 2009. In order to determine if homeownership is linked with income, 2009 state level data on the homeownership rate (Ownership) and median...

A researcher studies the relationship between SAT scores, the test-takers family income (Income), and his/her grade point average (GPA). Data are collected from 24 students. A portion of the data is...

The manager of a diner wants to reevaluate his staffing needs depending on variations in customer traffic during the day. He collects data on the number of customers served along with four dummy...

Part A: . For each of the three given line items (higher education, transportation, and total budget) find both the absolute change from 2003 2014 and the relative change from 2003 2014. Record your...

On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $572,600 for real estate plus $31,200 cash in closing cost The real estate included land appraised at $232,560; land...

Knight Inventory Systems, Incorporated, has announced a rights offer. The company has announced that it will take two rights to buy a new share in the offering at a subscription price of $54. At the...