Question

Question 14 5 pts Below is the estimation results of a logit model on the job duration data, modeling the probability of an employee quitting their job. Calculate the baseline probability of quitting job in year 1. Hint: what does the baseline meanin terms of covariates? Analysis of Maximum Likelihood Estimates Parameter DF Estimate Standard Wald Error Chi-Square Pr>Chis 0.8171 0.1004 0.7513 Intercept 1 0.2589 prestige 1 1 1 1 0.2021 -0.1147 -0.0256 0.7758 0.0829 0.0168 0.0103 0.1744 5.9399 46.6057 6.2067 19.7931 0.0148 0001 0.0127 <0001 salary year

Answer 1

p = 1/(1 + e^(-0.2589-0.7758))

= 0.7378

= 0.74

option C) 0.74

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