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Assume that the equation is statistically significant. Coefficients: Estimate Std. Error z value Pr (>|z|) (Intercept) -11.9761754 1.689531 0.000664 Age CCAvg 1.5197691 -7.880 3.27e-15 *** 0.106523 15.861 < 2e-16 *** 0.000523 1.271 0.203658

Assume that the equation is statistically significant. Coefficients: Estimate Std. Error z value Pr (>|z|) (Intercept) -11.9761754 1.689531 0.000664 Age CCAvg 1.5197691 -7.880 3.27e-15 *** 0.106523 15.861 < 2e-16 *** 0.000523 1.271 0.203658

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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The results below represent the logit regression on the probability of taking out a loan. Assume that the equation is statistically significant. Coefficients: Estimate Std. Error z value Pr (>|z|) wwwwwwwwww 1.5197691 -7.880 3.27e-15 Age 1.689531 0.106523 15.8612e-16 *** CCAvg 0.000664 0.000523 Education 0.686931 0.068796 9.9852e-16 *** Experience 0.053941 0.002416 22.48 < 2e-16 *** Family -0.070995 0.056987 -1.246 0.212841 Income 0.083101 0.056694 1.466 0.14271 Mortgage 0.131343 0.036441 3.604 0.000313 *** (Intercept) -11.9761754 1.271 0.203658 Select one: O a. Cannot be determined b. Increases probability of taking out a loan c. Decreases probability of taking out a loan *** What is the effect of increasing Family (number of people in family) on the probability of taking out a loan? Direction not magnitude.
Transcribed Image Text:The results below represent the logit regression on the probability of taking out a loan. Assume that the equation is statistically significant. Coefficients: Estimate Std. Error z value Pr (>|z|) wwwwwwwwww 1.5197691 -7.880 3.27e-15 Age 1.689531 0.106523 15.8612e-16 *** CCAvg 0.000664 0.000523 Education 0.686931 0.068796 9.9852e-16 *** Experience 0.053941 0.002416 22.48 < 2e-16 *** Family -0.070995 0.056987 -1.246 0.212841 Income 0.083101 0.056694 1.466 0.14271 Mortgage 0.131343 0.036441 3.604 0.000313 *** (Intercept) -11.9761754 1.271 0.203658 Select one: O a. Cannot be determined b. Increases probability of taking out a loan c. Decreases probability of taking out a loan *** What is the effect of increasing Family (number of people in family) on the probability of taking out a loan? Direction not magnitude.
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