Answered step by step
Verified Expert Solution
Question
1 Approved Answer
pls help me with this question 2. Suppose the following linear probability model Y = 0.?03 +0.201M, n = 1,989, H2 = .049. [c.0131 loom)
pls help me with this question
2. Suppose the following linear probability model Y = 0.?03 +0.201M, n = 1,989, H2 = .049. [c.0131 loom) Where v=1 if mortgage approved, M=1 if men, etc... a. What is the probability of mortgage approval for a typical male applicant? b. What is the probability of mortgage approval for a typical female applicant? c. Is the discrimination based on gender significant? d. What are the problems of this model? e. What other variables do you think should be added in the model? And if the variables were to be added, what happens to the coefficient of M
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