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

Determine the closed loop speed transfer function, In the case of permanent...

In the case of permanent magnet DC motor whose stator consists of a permanent magnet we can take the field current to be constant (i.e. a constant magnetic field) and it can be sho

Systematic random sampling, Systematic Random Sampling This method  is ...

Systematic Random Sampling This method  is generally used in such cases where a complete list of the population is available from which sample has to be selected. Under this

What are the charateristics of a population for which, what are characteris...

what are characteristics of a population for which it would be appropiate to use mean/median/mode

Changes in a particular plant , Scenario : Mrs dick's year 1s and 2s carrie...

Scenario : Mrs dick's year 1s and 2s carried out a level-one science investigation to explain the changes in a particular plant over a period of time.  As part of the investigation

Statistical definition of probability, Statistical Definition of probabilit...

Statistical Definition of probability: Ques: (a) (i)  Distinguish Statistical Definition of probability from the Classical Definition.                  (ii) State the A

Semiaverages and least square, how can we graph a trend line by semiaverage...

how can we graph a trend line by semiaverages and least square method?

Modified distribution mathod, a b c d e supply p 3 4 6 8 8 20 q 2 6 0 5 8...

a b c d e supply p 3 4 6 8 8 20 q 2 6 0 5 8 30 r 7 11 20 40 3 15 s 1 0 9 14 6 13 d 15 3 12 10 20

Spatial ability test, What would be the cutoff score to indicate a score th...

What would be the cutoff score to indicate a score that is in the top 15% of the scores on a test with a mean of 100 and a standard deviation of 15? This question has multiple p

Calculate the seasonal indexes , The total number of overtime hours (in 100...

The total number of overtime hours (in 1000s) worked in a large steel mill was recorded for 16 quarters, as shown below. Year Quarter Overtime hour

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