The Same Friend Has Produced Another List

question 2

Multiple Choice

The same friend has produced another list. Which of the following is true about logistic regression?

• A) It estimates values in the outcome variable.
• B) It estimates a probability that the outcome variable assumes a certain value.
• C) It estimates probabilities in the outcome variable.
• D) It estimates the probabilities that the predictor variables assume certain values.

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Definitions:

Guitar Teacher

An individual specializing in instructing students how to play the guitar, often covering both theoretical knowledge and practical skills.

Tile Layer

A skilled tradesperson who specializes in installing tiles on floors, walls, and other surfaces.

Market Economy

A market structure in which investment, manufacturing, and allocation decisions are driven by market forces of supply and demand, allowing prices for products and services to be set freely within an open pricing framework.

Firms

Businesses or enterprises that produce goods or provide services in an economy.