Logistic regression model, Applied Statistics

Assignment Help:

A marketing research firm was engaged by an automobile manufacturer to conduct a pilot study to examine the feasibility of using logistic regression for ascertaining the likelihood that a family will purchase a new car during the next year. A random sample of 33 suburban families was selected. Data on annual family income (in thousand dollars, X1), the current age of the oldest family automobile (in years, X2) were obtained. A follow up interview conducted 12 months later was used to determine whether the family actually purchased a new car (Y = 1) or did not purchased a new car (Y = 0).

The data is stored in file new-car.sav. and attach.

A) Specify a logistic regression model for this study,

B) Estimate all the coefficients of β0, β1 and β2,

C) Obtain exp(b1) and exp(b2) and interpret these numbers,

D) What is the estimated possibility that a family with annual income of $50 thousand and an old car of 3 years will purchase a new car next year?


Related Discussions:- Logistic regression model

Business statistics, Betting on sporting events is big business both in the...

Betting on sporting events is big business both in the US and abroad. Consider, for instance, next winter’s American football tournament known as the Superbowl. Billions of dollars

Hortons initial infiltration capacity, (a) The Horton's initial infiltratio...

(a) The Horton's initial infiltration capacity for a catchment is 204 mm/h and the constant infiltration value at saturation is 60 mm/h. For a rainfall in excess of 204 mm/h mainta

Confidence interval, a) List down several measures of central tendency and ...

a) List down several measures of central tendency and define the difference among them? b) What do you mean by confidence interval, and why it is useful? What is a confidence lev

Harmonic mean, The Harmonic Mean is based on the reciprocals of numbers ave...

The Harmonic Mean is based on the reciprocals of numbers averaged. It is defined as the reciprocal of the arithmetic mean of the reciprocal of the given individual observations. Th

Package design ratings, Consider the sample of 60 package design ratings gi...

Consider the sample of 60 package design ratings given in the table below.                                    A Sample of Package Design Ratings                 (Composite S

Harmonic mean, Harmonic Mean  The harmonic mean  also called harmonic  ...

Harmonic Mean  The harmonic mean  also called harmonic  average, in the total numbers of items of variable divided by the sum of r reciprocals of the values of the variable. In

Testing of hypothesis, Testing of Hypothesis One objective of sampling...

Testing of Hypothesis One objective of sampling theory is Hypothesis Testing. Hypothesis testing begins by making an assumption about the population parameter. Then we gather

Frailty in multi state models, how can i use continuous frailty in multi st...

how can i use continuous frailty in multi state models?

Steps in anova, Steps in ANOVA The three steps which constitute the ana...

Steps in ANOVA The three steps which constitute the analysis of variance are as follows: To determine an estimate of the population variance from the variance that exi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd