Table 7. Logit model estimation result

Variable	Coeff.	S.E.	Wald	df	P-value	Exp(β)
Bid(β)	0.001	0.000	8.810	1	0.003	1.001
Residence	2.062	0.916	5.066	1	0.024	7.863
Age	1.240	0.383	10.496	1	0.001	3.454
α	-8.597	2.495	11.878	1	0.001	0.000
N=105, Model : χ =39.408, df=3, p<.000 Hosmer & lemeshow test : .006 -2 Log likelihood : 62.349a				Cox & Snell R : .345, Nagelkerke R2 : .519 % of right prediction : 84.9% WTP median(-α/β) : 8,597

Note; ^a:-(α/β), ^b:모수 추정값이 0.001보다 작게 변경되어 계산 반복수 7에서 종료함.