Exercise 9-3 AlgoConsider a binary response variable y and two predictor variables x₁ and x2. 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.VariableInterceptX1x2x₁ = 4; X₂ = 17x₁ = 4, X₂= 20LPM-0.30(0.02)0.39(0.03)-0.03(0.02)Logistic-1.80(0.06)0.97(0.07)a. What is the predicted probability implied by the linear probability model for x1 = 4 with x2 equal to 17-and 20?Note: Roundintermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report the probability between 0 and1 (not in %).x₁ = 4, X₂ = 17x₁ = 4, X₂= 20ŷ-0.20(0.06)b. What is the predicted probability implied by the logistic model for x₁ = 4 with x2 equal to 17 and 20?Note: Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report the probabilitybetween 0 and 1 (not in %).ŷ

The question is about regression.Given :To find :a ) Predicted probability implied by LPM for given…

Answered: Consider a binary response variable y…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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