Below gives the data concerning the dependent variable Default to predict if a customer will default or not based on the independent variables Price of Home (in thousands) and Purchase, which equals 1 if the customer has owned a home before and 0 if this is their first home. Find the Logit(125) when the purchase price is 125 (in thousands) and this is their first house purchase. Give answer to 4 decimal places Parameter Estimates Term Intercept Price of Home First Purchase Estimate -3.45926 070935 4.25943 Chi Square 5.09 5.69 Prob>ChiSq 0.0218 0.0201 6.34 0.0136

Below gives the data concerning the dependent variable Default to predict if a customer will default or not based on the independent variables Price of Home (in thousands) and Purchase, which equals 1 if the customer has owned a home before and 0 if this is their first home. Find the Logit(125) when the purchase price is 125 (in thousands) and this is their first house purchase. Give answer to 4 decimal places Parameter Estimates Term Intercept Price of Home First Purchase Estimate -3.45926 070935 4.25943 Chi Square 5.09 5.69 Prob>ChiSq 0.0218 0.0201 6.34 0.0136

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 3SE: The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but...

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