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The board directors of a professional association conducted a random sample survey of 13

Question: Question 3: The board directors of a professional association conducted a random sample survey of 13 members to assess the effects of several possible amounts of dues increase. The sample results follow. X denotes the dollar increase in annual dues posited in the survey interview and Y = 1 if the in­terviewee indicated that the membership will not be renewed at that amount of dues increase and 0 if the membership will be renewed.

X 30 30 30 35 35 35 40 40 45 45 45 50 50
Y 0 1 0 1 1 0 1 0 0 1 1 1 0

a. Obtain the best simple linear regression model and interpret the esti­mated coefficients.

b. Obtain the best fitted linear probability model and interpret the esti­mated coefficients.

c. Obtain the best logit model and interpret the estimated coefficients.
Price: $2.99
See Answer: The solution file consists of 2 pages
Deliverables: Word Document


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