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A medical researcher is interested in assessing the probability of some symptoms of coronary heart disease being present at a given age. For this reason, he uses the following data collected on 100 individuals. The response variable is CHD which is 1 if coronary heart disease is present and 0 otherwise. The following linear probability model and logit model have been estimated: Linear probability:
= - 0.53796 + 0.02181Age
Logit: =
Using the linear probability model, find the age of a person for which the estimated chances of having coronary heart disease are 50%?
Industrial Location
The geographical placement of production facilities based on factors like cost, resources, logistics, and market access.
Starbucks Coffee
A multinational chain of coffeehouses and roastery reserves known for its specialty coffee drinks and community-focused atmosphere.
Service Location Strategy
The planning approach used to determine the most optimal locations for service delivery in order to maximize accessibility and customer satisfaction.
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