A group of big furniture and electronics stores asked you to estimate a model that determines the probability of households to own durable goods from a sample of 200 households. As an econometrician you estimate a parsimonious logit model to determine the ownership of durable goods as a function of worker wages. Durable goods ownership is a binary variable: Y = 1 if a household owns a durable goods, zero otherwise. The estimated logit model is given by L, and where InWages is the logarithm of wages. 18 se = -2.77231 = (0,8275) + 0.347582 InWages (0,0858)