Question

You are working for the marketing team of a major bank. The bank has collected data from a recent sales campaign, where the outcome of interest, Y, is whether or not a customer signs up for a new type of account (1=Yes; 0=No). To try to understand the relationship between customer education level and the probability that he or she will sign up for the new account, your boss asks you to run a logistic regression model. The model is of the form: Y = B0 + B1*Education, where Education = Ed 0 (low), Ed1 (medium), and Ed 2 (high). Ed 0 is set as the reference group. Results from fitting this model to the data are as follows:

Coefficients	Estimates	S.E.	P-value
Intercept	-2.35	0.03	0.001
Ed 1	0.24	0.05	0.001
Ed 2	0.45	0.04	0.001

What is the ODDS RATIO of Y=1 for Ed 2, relative to Ed 0?

Answer 1

へべへ~ Tivin thot O. 0 8