Why is this the output of this function?

Question

Assume ß₀ = 1.2,

ß₁ = 0.5

ß₂ = 0.97,

x₁ = 1,

x₂ = 2

What is the output when evaluating the function:

P = e ^(ß0 ^{+ ß}1^x1 ^{+ ß}2^x2⁾

^{–––––––––––––––––––}

1 + e ^(ß0 ^{+ ß}1^x1 ^{+ ß}2^x2⁾

The answer given is 0.97.

Why is this correct, and can you help point me in the direction of what "e" does/means in this equation?

Answer 1

e is approximately 2.72

so Let T=e^(b0+b1*x1+b2*x2) = e^(12.64) = 308,661.34994140650694449672838576

So then yes,

1/(1+T) is about 0.97 where T is that large value calculated above