Question

Question 16 6 pts Below is the estimation results of a logit model on the job duration data, modeling the probability of an employee quitting their job. Michael is an employee that has 16 years of education, having a job prestige score of 50, and earns a salary of $70k per year. Calculate the probability of Michael quitting job in year 2 Analysis of Maximum Likelihood Estimates Standard Wald Parameter DF Estimate Error Chi-Square Pr Chis Intercept 8.4896 3.4443 0.2249 1.1821 0.0860 0 0036 00009 6.8392 prestige -0. 1235 0.0181 46.5794 < 0001 -0.0268 0.0104 5.6791 0.0098 26875 0.8327 10 4174 0,0012 year year 31 -1.4475 -0.0130 0 2355 0.7671 3.5605 0.0592 0.7272 0.0003 0.9857 077790091607621 year 4 year soo 012 0.09 0.08 0.92

Answer 1

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Som we liave education & ed = 16. PYat = So Salary = 70.. . year = 2 logit (IT) = 3.4443 + 16+ 0.2249 + 50*60.1235) + 70*60.0 2 68) + (-1,4475) = -2.4558 T= (-2458) / 140(2.4558) = 0.079 = 0.08 option (c)