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Please help me with solving questions ( a) and ( b) . Provide the steps to get to the final solution. THANKS a lot! You
Please help me with solving questions (a) and (b). Provide the steps to get to the final solution. THANKS a lot!
You have estimated the following probit model PR(gov; = 1 | edu, male)= $(-7.702 + 0.548edu; + 4.352male; - 0.344edu; x male;), (1.238) (0.091) (1.291) (0.096) where gov indicates whether a person works in the public sector, edu denotes years of schooling and male is a gender dummy. Using the results above, answer the following questions (a) Akira is a man with 10 years of schooling. What is the estimated probability that he will be employed in the public sector? (b) Jane is a woman with 12 years of schooling. What is the estimated probability that she will be employed in the public sectorStep by Step Solution
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