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SCENARIO 13-19
The marketing manager for a nationally franchised lawn service company would like to study the characteristics that differentiate home owners who do and do not have a lawn service.A random sample of 30 home owners located in a suburban area near a large city was selected; 11 did not have a lawn service (code 0) and 19 had a lawn service (code 1).Additional information available
concerning these 30 home owners includes family income (Income, in thousands of dollars) and lawn size (Lawn Size, in thousands of square feet).
The PHStat output is given below:
Binary Logistic Regression
-Referring to SCENARIO 13-19, what is the estimated odds ratio for a home owner with a family income of $50,000 and a lawn size of 2,000 square feet?
Critical Thinking
The intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information.
Oversimplification
The reduction of a complex issue or situation to simplistic terms or concepts, which often leads to misunderstanding or misrepresentation.
Critical Thinking
The objective analysis and evaluation of an issue in order to form a judgment.
Guidelines
A set of recommendations or principles provided to direct actions or decisions in specific situations or practices.
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