A banker was interested in studying the probability of defau…
A banker was interested in studying the probability of default for businesses in Florida in the Real Estate, Rental, and Leasing sectors of business. We will be using a data set of 898 loans from Florida. Below is the R output from the logistic regression model. The x variable is the recession. Recession = 1 if the loan was active between December 2007 and June 2009 OR Recession = 0 otherwise The y variable is the default. Default = 1 if it is defaulted and 0 if it is paid in full. What is the test statistic for the following hypothesis: Ho: