The Estimated Logit Regression in Your Textbook Is =

Essay

The estimated logit regression in your textbook is = F(-4.13 + 5.37 P/Iratio + 1.27 black)
Is there a meaningful interpretation to the slope for the P/I Ratio? Calculate the increase of a rejection probability for both blacks and whites as the P/I Ratio increases from 0.1 to 0.2.Repeat the exercise for an increase from 0.65 to 0.75.Why is the increase in the probability higher for blacks at the smaller value of the P/I Ratio but higher for whites at the larger P/I Ratio?