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[Solution Library] Each observation in the following data set shows a person's income and whether that person purchased a particular product last year.

Question: Each observation in the following data set shows a person's income and whether that person purchased a particular product last year. Assign a zero for a No purchase and a 1 for a Yes, and estimate a logit model for the purchase of this product. Write down the estimated logit model; and calculate the probability of buying the product if income is $40,000 and if income is $70,000.

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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