In the probit regression given in the following table show that the intercept is equal to Icirc frac14 x Iuml x and the slope is equal to 1 Iuml x , where Icirc frac14 x and Iuml x are the mean and standard deviation of X Dependent Variable I Coefficient Variable Std Error Probability 1 0397E 07 4 ...

In the probit regression given in the following table show that the intercept is equal to Î¼

Question:

In the probit regression given in the following table show that the intercept is equal to ˆ’Î¼_x/Ïƒ_xand the slope is equal to 1/Ïƒ_x, where Î¼_xand Ïƒ_xare the mean and standard deviation of X.

Dependent Variable: I Coefficient Variable Std. Error Probability 1.0397E-07 4.8547E-08 t-Statistic 0.0572 0.00247 -17.7

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

See More Books

Question Posted: May 29, 2018 03:07 AM

See More Questions

Use the investment data given in the following table. a. Estimate the Grunfeld investment function for each company individually. b. Now pool the data for all the companies and estimate the Grunfeld...
In a pretest, data were obtained from 20 respondents on preferences for sneakers on a 7-point scale, 1 = not preferred, 7 = greatly preferred (V1). The respondents also provided their evaluations of...
In the probit model given in the following table the disturbance ui has this variance: where f i is the standard normal density function evaluated at F1(Pi). a. Given the preceding variance of ui,...
The United StatesMexicoCanada Agreement replaced what trade agreement?
As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more than $2.5 million. Suppose he invested $1.5 million in an ordinary annuity that earned 7.2%,...
Verify (1.1.3).
7 Suponga que alguien le dice: La nica medida real de un vendedor es el volumen de ventas producido. Qu le respondera?
The following partial list of accounts and account balances has been taken from the trial balance and the adjusted trial balance of the Barker Company: Required Prepare the adjusting entry that...
Which of the following is an example of earned income? Capital gains. Rents. Royalties. Sick pay.
John Chang operates a plumbing business as a proprietorship (John Chang Plumbing). The following events took place during the month of June 2022: Required Identify the accounting assumption,...
Estimate the probabilities of owning a house at the various income levels underlying the regression (15.7.1). Plot them against income and comment on the resulting relationship.
From data for 54 standard metropolitan statistical areas (SMSA), Demaris estimated the following logit model to explain high murder rate versus low murder rate:** ln O i = 1.1387 + 0.0014P i +...
Read the following quote from the FASB and IASB (2005, p. 5) and evaluate the view that reliability should be the dominant characteristic of financial statement measures. Some FASB and IASB...
If f ( x ) = ( 1 3 - In ( x ) ) ^ 8 , determine f ' ( 1 ) .
1. ThestocksAandBhavethefollowingdistributionsofreturns. A B Probability State1 3 4 0.2 State2 5 2 0.3 State3 4 8 0.2 State4 6 5 0.1 State5 6 1 0.2 2....
Define nested designs. Explain why the nested designs are important.
3 x y 3 + x y = l n ( x ) solve for d y d x
Let ln ( xy ) + y ^ 8 = x ^ 7 + 2 . Find dy / dx .
Consider the following logistic equations, for t 0. In each case, sketch the direction field, draw the solution curve for each initial condition, and find the equilibrium solutions. A detailed...
One of the significant and relevant accounts for this cycle is equipment. For this account, what would typically be the most relevant assertions for the auditor to consider? Why is it important for...
What are the challenges of managing IT infrastructure and management solutions? a. Name and describe the management challenges posed by IT infrastructure. b. Explain how using a competitive forces...
What are the problems of managing data resources in a traditional file environment? a. List and describe each of the components in the data hierarchy. b. Define and explain the significance of...
What are the major capabilities of database management systems (DBMS), and why is a relational DBMS so powerful? a) Define a database and a database management system. b) Name and briefly describe...
Create a Data Table to depict the future value when you vary the interest rate and the investment amount. Use the following assumptions: Interest Rates: Investment Amounts:-10.0% $10,000.00 -8.0%...
Isaac earns a base salary of $1250 per month and a graduated commission of 0.4% on the first $100,000 of sales, and 0.5% on sales over $100,000. Last month, Isaac's gross salary was $2025. What were...
Calculate the price, including both GST and PST, that an individual will pay for a car sold for $26,995.00 in Manitoba. (Assume GST = 5% and PST = 8%) a$29,154.60 b$30,234.40 c$30,504.35 d$28,334.75...

In the probit regression given in the following table show that the intercept is equal to Î¼

Question:

Dependent Variable: I Coefficient Variable Std. Error Probability 1.0397E-07 4.8547E-08 t-Statistic 0.0572 0.00247 -17.7473 -1.0166 0.04846 Income 19.5585 R? = 0.97951 Durbin-Watson statistic = 0.91384

Step by Step Answer:

Recall that I i 1 X ...View the full answer

Basic Econometrics

Students also viewed these Business questions