Based on a sample of 20 couples, Barbara Bund lackson26 obtained the following regression.
where P = the probability of restaurant usage, = 1 if went to a restaurant,
Income = the income in thousands of dollars
Babysitter = 1 if needed a babysitter
0 if otherwise
Of the 20 couples, 11 regularly went to a restaurant, 6 regularly used a babysitter, and the income ranged from a low of $17,000 to a high of $44,000.
a. Interpret the preceding logit regression.
b. Find out the logit value of a couple with an income of $44,000 who needed a babysitter.
c. For the same couple, find out the probability of going to a restaurant.