< > ezto.mheducation.com LSA Assignments: BUS-305-801: Data Analyt..... Untitled Untitled Question 1-ch 9-Connect C Home-Learn w Saved ch 9 Help Save & Exit Subm Check my work Mc 1 Consider a binary response variable y and two predictor variables x1 and x2. The following table contains the parameter estimates of the linear probability model (LPM) and the logistic regression model, with the associated p-values shown in parentheses. 0.66 points Skipped eBook Variable Intercept LPM -0.60 (0.02) Logistic -2.50 (0.03) 0.28 0.99 (0.06) (0.06) -0.06 (0.03) -0.30 (0.06) x1 x2 a. At the 5% significance level, comment on the significance of the variables for both models. B Hint Print References Graw Hill Variable x₁ *2 LPM Logistic b. What is the predicted probability implied by the linear probability model for x1 = 9 with x2 equal to 16 and 22? Note: Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report the probability between 0 and 1 (not in %). Prev 1 of 3 Next >

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LSA Assignments: BUS-305-801: Data Analyt.....
Untitled
Untitled
Question 1-ch 9-Connect
C Home-Learn w
Saved
ch 9
Help
Save & Exit Subm
Check my work
Mc
1
Consider a binary response variable y and two predictor variables x1 and x2. The following table contains the parameter estimates of
the linear probability model (LPM) and the logistic regression model, with the associated p-values shown in parentheses.
0.66
points
Skipped
eBook
Variable
Intercept
LPM
-0.60
(0.02)
Logistic
-2.50
(0.03)
0.28
0.99
(0.06)
(0.06)
-0.06
(0.03)
-0.30
(0.06)
x1
x2
a. At the 5% significance level, comment on the significance of the variables for both models.
B
Hint
Print
References
Graw
Hill
Variable
x₁
*2
LPM
Logistic
b. What is the predicted probability implied by the linear probability model for x1 = 9 with x2 equal to 16 and 22?
Note: Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report the probability
between 0 and 1 (not in %).
Prev
1 of 3
Next >
Transcribed Image Text:< > ezto.mheducation.com LSA Assignments: BUS-305-801: Data Analyt..... Untitled Untitled Question 1-ch 9-Connect C Home-Learn w Saved ch 9 Help Save & Exit Subm Check my work Mc 1 Consider a binary response variable y and two predictor variables x1 and x2. The following table contains the parameter estimates of the linear probability model (LPM) and the logistic regression model, with the associated p-values shown in parentheses. 0.66 points Skipped eBook Variable Intercept LPM -0.60 (0.02) Logistic -2.50 (0.03) 0.28 0.99 (0.06) (0.06) -0.06 (0.03) -0.30 (0.06) x1 x2 a. At the 5% significance level, comment on the significance of the variables for both models. B Hint Print References Graw Hill Variable x₁ *2 LPM Logistic b. What is the predicted probability implied by the linear probability model for x1 = 9 with x2 equal to 16 and 22? Note: Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places. Report the probability between 0 and 1 (not in %). Prev 1 of 3 Next >
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