Question 5 (5 points) The results of the probit model are given below. tdta = "Debt to Assets" gempl = "Employee Growth Rate" opita = "Operating Income to Assets" invsls = "Inventory to Sales" Isls = "Log of Sales" probit Estimate Std. Error z value Pr(>Izl) (Intercept) -0.986683 0.654128 -1.5084 0.1314539 tdta 2.989447 0.653915 4.5716 4.84e-06 *** gempl -3.768789 1.021963 -3.6878 0.0002262 *** opita -2.638085 1.572997 -1.6771 0.0935214 invsls 2.236799 1.318619 1.6963 0.0898255 Isls -0.135258 0.073346 -1.8441 0.0651694 OLSLS has a negative and significant at 5% effect of the probability of bankruptcy. Other things being the same, firms with higher sales are less likely to fail. TOT MacBook Pro # & 2 3 4 5 8 W E R T YRequires Resporn Time Left:1:59:11 Insaf El Massi: Attempt 1 Estimate Std. Error z value Pr(>Izl) (Intercept) -0.986683 0.654128 -1.5084 0.1314539 tdta 2.989447 0.653915 4.5716 4.84e-06 *** gempl -3.768789 1.021963 -3.6878 0.0002262 *** opita -2.638085 1.572997 -1.6771 0.0935214 . invsls 2.236799 1.318619 1.6963 0.0898255 Isls -0.135258 0.073346 -1.8441 0.0651694. OLSLS has a negative and significant at 5% effect of the probability of bankruptcy. Other things being the same, firms with higher sales are less likely to fail. OTDTA has a positive effect on the probability of bankruptcy. Its coefficient is positive and statistically significant at 5% level. Other things being the same, firms with higher financial leverage are more likely to fail. GEMPL has a negative and significant effect of the probability of bankruptcy at 5% level. Other things being the same, firms with higher GEMPL are more likely to fail. OPITA has a negative and significant effect on probability of bankruptcy at 5% significance level. Other things being the same, firms with higher OPITA are less likely to fail. MacBook Pro 1 )) # % & 4 5 6 8 O E R T Y U O