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Author Question: Marketers attend trade fairs to get data on intermediaries in the industry. Indicate whether the ... (Read 118 times)

sammy

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on: Jun 29, 2018
Marketers attend trade fairs to get data on intermediaries in the industry.
 
 Indicate whether the statement is true or false

Question 2

What does the Constant signify in this regression?
 a. the probability of Gender=1 when no other variables are changed
  b. the average age of males in the sample
  c. the average age of females in the sample
  d. It does not signify anything useful here.


maya.nigrin17@yahoo.com

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Reply #1 on: Jun 29, 2018
Answer to Question 1

T

Answer to Question 2

D
It would signify the log-odds of the probability that a person is male if the person has no height, no weight, no MBA, and attended school in the year zero. It is therefore meaningless in this context and should not be interpreted, even though it must be included in predictions stemming from the regression.


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