The results below represent the logit regression on the probability of taking out a loan.Assume that the equation is statistically significant.Coefficients:Estimate Std. Error z value Pr (>|z|)wwwwwwwwww(Intercept) -11.97617541.5197691 -7.880 3.27e-15 ***1.6895310.106523 15.861 < 2e-16 ***0.0006640.0005231.271 0.2036580.686931 0.0687960.0539410.002416-0.070995 0.056987 -1.246 0.2128410.0831010.056694 1.466 0.142710.1313430.036441AgeCCAvgEducationExperienceFamilyIncomeMortgage9.9852e-16 ***22.482e-16 ***Select one:O a. Increases probability of taking out a loanO b. Decreases probability of taking out a loanO c. Cannot be determined3.604 0.000313 ***What is the effect of increasing Age (in years) on the probability of taking out a loan?Direction not magnitude.

It is required to determine the effect of increasing age on the probability of taking out a loan.

Answered: The results below represent the logit…

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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You estimated a regression with the following output. Source | SS df MS Number of obs = 325 -------------+---------------------------------- F(1, 323) = 42850.36 Model | 285905003 1 285905003 Prob > F = 0.0000 Residual | 2155111.65 323 6672.17228 R-squared = 0.9925 -------------+---------------------------------- Adj R-squared = 0.9925 Total | 288060115 324 889074.429 Root MSE = 81.683 ------------------------------------------------------------------------------ Y | Coef. Std. Err. t P>|t| [95% Conf. Interval] -------------+---------------------------------------------------------------- X | 11.83842 .0571895 207.00 0.000 11.72591 11.95093 _cons | 52.14457 5.949458 8.76 0.000 40.43999 63.84915…
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K Fit a regression line to the data shown in the chart, and find the coefficient of correlation for the line. Use the regression line to predict life expectancy in the year 2000, where x is the number of decades after 1900. year, x 0 (1900) life expectancy, y 49.1 years 51.4 years 2 (1920) 4 (1940) 53.0 years 6 (1960) 54.2 years 55.2 years 8 (1980) Choose the regression line. OA. y = 0.750x - 49.58 O C. y = 0.750x + 49.58 OB. y=49.58x + 0.750 = 49.58 ○ D. y = The life expectancy in the year 2000, rounded to one decimal place is years.
You estimated a regression with the following output. Source | SS df MS Number of obs = 423 -------------+---------------------------------- F(1, 421) = 267.80 Model | 8758968.84 1 8758968.84 Prob > F = 0.0000 Residual | 13769523.8 421 32706.7074 R-squared = 0.3888 -------------+---------------------------------- Adj R-squared = 0.3873 Total | 22528492.7 422 53385.0537 Root MSE = 180.85 ------------------------------------------------------------------------------ Y | Coef. Std. Err. t P>|t| [95% Conf. Interval] -------------+---------------------------------------------------------------- X | 6.150402 .3758334 16.36 0.000 5.411658 6.889145 _cons | -8.022201 24.02003 -0.33 0.739 -55.23632 39.19192…
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