Consider a binary response variable y and a predictor variable x. The following table contains the parameter estimates ofthe linear probability model (LPM) and the logistic regression model, with the associated p-values shown in parentheses.VariableInterceptxLPM Logistic-6.90(0.06)0.19(0.06)a. Test for the significance of the intercept and the slope coefficients at the 5% level in both models.CoefficientsInterceptSlope-0.67(0.02)0.07(0.03)LPMLogisticb. What is the predicted probability implied by the linear probability model for x=20 and x= 35?Note: Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report theprobability between 0 and 1 (not in %).

The provided information is as follows:The output of the linear probability model and logistic…

Answered: Consider a binary response variable y…

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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