Explain what is wrong and why

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Reference no: EM131431624

What's wrong? For each of the following, explain what is wrong and why.

(a) If b₁ = 3 in a logistic regression analysis with one explanatory variable, we estimate that the probability of an event is multiplied by 3 when the value of the explanatory variable increases by 1 unit.

(b) The intercept β₀ is equal to the odds of an event when x = 0.

Reference no: EM131431624

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