a) The likelihood function is a function of only 𝜎 b) The values of 𝛽0,….,𝛽n and 𝜎 should be such that, they maximize the likelihood function. c) Both (a) and (b) d) All of the above
a) The graph doesn’t follow an S-shaped curve b) The dependent variable is categorical c) The estimated value of the dependent variable is not probability d) None of the above
9) Large values of the log-likelihood statistic indicate:
a) That there are a greater number of explained vs. unexplained observations. b) That the statistical model fits the data well. c) That as the predictor variable increases, the likelihood of the outcome occurring decreases. d) That the statistical model is a poor fit of the data.
