A paper company has about 50 paper mills distributed over 3 provinces. Each mill records specifiedfactors that contribute to its profitability. The company has classified the mills as Profitable and Non-Profitable. They recorded paper weight produced as an indicator of profitability. That is,X₁ = PAPER (weight in 10000 kilograms)Y = PROF (1 = profitable and 0 = not profitable)Y Profitable110It was found thatPaper21.50.8ît=exp(-2.94 + 0.098X₁)1 + exp(-2.94 +0.098X₁)1. Give the fitted logistic response function.2. Give the fitted logit response function3. Show thatftloge € (₁^²) = = -2.94 + 0.098X₁4. Give the odds to be used of this logistic regression for X₁ = 0.7. Explain your result.5. What is the estimated probability that a mill be profitable if it produces 7 000 kilograms of paper?7. Interpret the regression coefficients ofît=Also find the odds ratio for b₁.exp(-2.94 + 0.098X₁)1 + exp(-2.94 +0.098X₁)

A paper company has about 50 paper mills distributed over 3 provinces. Each mill records specified factors that contribute to its profitability. The company has classified the mills as Profitable and Non- Profitable. They recorded paper weight produced as an indicator of profitability. That is, X₁ = PAPER (weight in 10000 kilograms) Y = PROF (1 = profitable and 0 = not profitable) Y Profitable 1 1 Paper 2 1.5

A paper company has about 50 paper mills distributed over 3 provinces. Each mill records specified factors that contribute to its profitability. The company has classified the mills as Profitable and Non- Profitable. They recorded paper weight produced as an indicator of profitability. That is, X₁ = PAPER (weight in 10000 kilograms) Y = PROF (1 = profitable and 0 = not profitable) Y Profitable 1 1 Paper 2 1.5

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section11.2: Box-and-whisker Plots

Problem 2E

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