The Higher the "Score" for a Particular Member in Logistic

question 7

Multiple Choice

The higher the "score" for a particular member in logistic regression,the:

• A) higher the likelihood that member is in category 1
• B) lower the likelihood that member is in category 1
• C) higher the likelihood that member is in category 0
• D) higher the likelihood that member is not in a category
• Amount Spent
• Female
• Credit Card
• 99
• 0
• 0
• 50
• 0
• 0
• 75
• 0
• 1
• 600
• 1
• 0
• 325
• 1
• 0
• 97
• 0
• 1
• 540
• 1
• 0
• 137
• 1
• 0
• 22
• 1
• 1
• 94
• 1
• 1
• 111
• 1
• 1

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Definitions:

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, which can affect purchasing power and inflation.

Aggregate Expenditure Line

A graphical representation of the total spending in an economy, including consumption, investment, government, and net exports, at various levels of income.

Marginal Propensity

The proportion of an additional increment of income that is spent on consumption. It reflects the change in consumption resulting from a change in income.

Multiplier

A factor by which an initial change in spending will alter total economic output by more than the initial monetary amount.