Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Four hundred driver's license applicants were randomly selected and asked whether they passed their diving test (Pass, 1) or fated their set (Pass) data were
Four hundred driver's license applicants were randomly selected and asked whether they passed their diving test (Pass, 1) or fated their set (Pass) data were also located on their gender (Ma, mal and 0 if female) and their years of driving experience (Experience, in years). The following table summarizes the results from several blogt and inear stability models Dependent variable Pass Regression Model Regressor Probit (1) Log LPM Probit Legit LPM Probit Experience 0.008 (2) (3) 0044 0008 19 (4) 0.043 (0.007) (0.015) (0.002) 10.157) Mae Male Experience 0713 10.129) 1.054 -0.338 -0629 -0.075 -0.174 (0.162) (0.306) (0.03) (021) 0771 1.283 2.193 0.900 0.800 (0034) 10.127) 10.2441 (0.025) (204) -0.014 (0022) Constant Use the results in columns (4) through (6) to answer the folowing questions Compute the estimated probability of passing the test for men and for women Men Women Probi (4) Logit LPM 15) 06) 0.801 0900 (Round your responses to three decimal places) Part 1 of 2 O Points: 0 of 1 Save Four hundred driver's license applicants were randomly selected and asked whether they passed their driving test (Pass = 1) or failed their test (Pass, 0); data were also located on their gender (Male, 1 if male and 0 if female) and their years of driving experience (Experience,, in years). The following table summarizes the results from several probit, logit and linear probability models. Dependent variable: Pass. Regression Model Regressor Experience Cam Male Due Last Cur Atte Male x Experience Constant Probit Logit LPM Probit Logit LPM Probit (1) (2) (3) (4) (5) (6) (7) 0.038 0.044 0.008 0.043 (0.007) (0.015) (0.002) (0.157) -0.338 -0.629 (0.162) (0.306) (0.036) -0.075 -0.174 (0.261) -0.014 (0.022) 0.713 (0.129) 1.054 (0.222) 0.771 (0.034) 1.283 (0.127) 2.193 0.906 0.809 (0.244) (0.025) (0.204) Male x Experience Constant U.330 (0.162) (0.306) -0.029 -0.075 -0.1 (0.036) (0.26 -0.07 (0.022) 0.713 1.054 (0.129) (0.222) 0.771 (0.034) 1.283 (0.127) 2.193 (0.244) 0.906 0.809 (0.025) (0.204) e the results in columns (4) through (6) to answer the following questions. ompute the estimated probability of passing the test for men and for women. Group Men Probit (4) Women Logit (5) LPM (6) 0.831 0.900 (Round your responses to three decimal places)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started