Variable Intercept x1 X2 Variable a. At the 5% significance level, comment on the significance of the variables for both models. x₁ X2 LPM -0.30 (0.03) 0.27 (0.06) -0.05 (0.02) x₁ = 10, x₂ = 14 x₁ = 10, X₂ = 25 Logistic -2.50 (0.03) 1.03 (0.07) -0.30 (0.01) x₁ = 10, X₂ = 14 x₁ = 10, x₂ = 25 LPM Not significant Significant b. What is the predicted probability implied by the linear probability model for x₁ = 10 with x2 equal to 14 and 25? Note: Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report the probability between 0 and 1 (not in %). ý Logistic Not significant Significant What is the predicted probability implied by the logistic model for x₁ = 10 with x2 equ to 14 and 25? Note: Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report the probability between 0 and 1 (not in %). у

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Variable
Intercept
x1
X2
Variable
X₁
X2
LPM
-0.30
(0.03)
0.27
(0.06)
-0.05
(0.02)
a. At the 5% significance level, comment on the significance of the variables for both
models.
x₁ = 10, X₂ = 14
x₁ = 10, X₂= 25
Logistic
-2.50
(0.03)
x₁ = 10, x₂ = 14
X₁ = 10, x₂ = 25
LPM
Not significant
Significant
1.03
(0.07)
b. What is the predicted probability implied by the linear probability model for x₁ = 10
with x2 equal to 14 and 25?
Note: Round intermediate calculations to at least 4 decimal places and final
answers to 2 decimal places. Report the probability between 0 and 1 (not in %).
ŷ
-0.30
(0.01)
у
Logistic
Not significant
Significant
What is the predicted probability implied by the logistic model for x₁ = 10 with x2 equal
to 14 and 25?
Note: Round intermediate calculations to at least 4 decimal places and final
answers to 2 decimal places. Report the probability between 0 and 1 (not in %).
Transcribed Image Text:Variable Intercept x1 X2 Variable X₁ X2 LPM -0.30 (0.03) 0.27 (0.06) -0.05 (0.02) a. At the 5% significance level, comment on the significance of the variables for both models. x₁ = 10, X₂ = 14 x₁ = 10, X₂= 25 Logistic -2.50 (0.03) x₁ = 10, x₂ = 14 X₁ = 10, x₂ = 25 LPM Not significant Significant 1.03 (0.07) b. What is the predicted probability implied by the linear probability model for x₁ = 10 with x2 equal to 14 and 25? Note: Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report the probability between 0 and 1 (not in %). ŷ -0.30 (0.01) у Logistic Not significant Significant What is the predicted probability implied by the logistic model for x₁ = 10 with x2 equal to 14 and 25? Note: Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report the probability between 0 and 1 (not in %).
Expert Solution
steps

Step by step

Solved in 5 steps with 6 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman