A Research Project Was Conducted to Study the Effect of Smoking

question 23

Multiple Choice

A research project was conducted to study the effect of smoking and weight upon resting pulse rate.The response variable is coded as 1 when the pulse rate is low and 0 when it high.Smoking is also coding as 1 when smoking and 0 when not smoking.Shown below is the Minitab output from a logistic regression.

The predicted probability that a 150 pounds person who does not smoke has a high pulse rate is closest to _______.

• A)0.6395
• B)0.8540
• C)0.2145
• D)0.1459
• E)0.9871

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Definitions:

Vickrey Auction

A type of sealed-bid auction where the highest bidder wins but pays the price offered by the second-highest bidder.

Willingness To Pay

The maximum amount an individual is ready to spend to acquire a good or service, reflecting the value they assign to it.

Expected Revenue

The predicted amount of money that a business will receive from its sales over a certain period, usually calculated by multiplying expected sales by the price of goods or services.

Probability

A numerical representation between 0 and 1 that indicates the likelihood of an event transpiring.