You are interested in how well the combined earnings of the parents in a child’s family predicts high school graduation. You are told that the probability a child graduates from high school is 27% for...

You are interested in how well the combined earnings of the parents in a child’s family predicts high school graduation. You are told that the probability a child graduates from high school is 27% for children whose parents earn no income and is 88% for children whose parents earn
60,000. Determine the logistic regression model that is consistent with this information. (For simplicity you may want to assume that income is measured in units of
10,000).