Solved: A study was conducted attempting to relate home
Chapter , Problem 90E(choose chapter or problem)
A study was conducted attempting to relate home ownership to family income. Twenty households were selected and family income was estimated along with information concerning home ownership (\(y=1\) indicates yes and \(y=0\) indicates no). The data are shown in Table E11-13.
(a) Fit a logistic regression model to the response variable \(y\). Use a simple linear regression model as the structure for the linear predictor.
(b) Is the logistic regression model in part (a) adequate?
(c) Provide an interpretation of the parameter \(\beta_{1}\) in this model.
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