Consider a binary response variable y and an explanatory variable x that varies between 0 and 50.
Question:
Consider a binary response variable y and an explanatory variable x that varies between 0 and 50. The linear probability model is estimated as Ŷ = 0.92 − 0.02x.
a. Compute the estimated probability for x = 25 and x = 40.
b. For what values of x is the estimated probability negative?
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a With or 42 With or 12 b The estimat...View the full answer
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