A Logistic Regression Is Appropriate When

question 113

Multiple Choice

A logistic regression is appropriate when:

• A)the dependent variable is binary (0,1).
• B)an independent variable is binary (0,1).
• C)the dependent variable is log(Y).
• D)the independent variables have the form log(X).

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Definitions:

Express Warranties

Explicit promises or assurances made by a seller regarding the condition, functionality, or quality of a product.

Common Law Language

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Implied Warranty

An unwritten guarantee that a product will meet a minimum level of quality and functionality.

Merchantability

A warranty that goods sold will be of average quality, fit for the general purpose for which they are sold.