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

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Below gi ves 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
0.70935
4.25943
Chi Square
5.09
5.69
6.34
Prob>ChiSq
0.0218
0,0201
0.0136
Transcribed Image Text:Below gi ves 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 0.70935 4.25943 Chi Square 5.09 5.69 6.34 Prob>ChiSq 0.0218 0,0201 0.0136
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