1. In the credit card default data, we would like to predict the default status of a cus-tomer based on the monthly balance, the student indicator and the income. The inputcoding for class predictors is set as Deviation. Given the following output from logisticregression, what is the estimated probability of default for a student with a balance of$2500 and an income of $40000?Analysis of Haxinun Likelihood EstinatesStandardValdErrorChi-SquarePr > ChisqParaneterdefaultDFEstinateInterceptYes-11.19240.4506616.84<.0001balanceYes0.005740.000232611.89<.0001inconeYes3.033E-68.203E-60.140.7115studentNoYes0.32340.11817.490.0062

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Answered: |1. In the credit card default data, we…

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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