Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You estimated a probit model with 2 independent variables X2 and X3. the estimated coefficients are b1=0.085 b2=0.62 and b3=-0.195. You are given the average
You estimated a probit model with 2 independent variables X2 and X3. the estimated coefficients are b1=0.085 b2=0.62 and b3=-0.195. You are given the average of x2=1.5 and the average of x3=0.8. the effect of a unit increase in x2 on the probability that y=1 is Select one: O a. fall by 0.08 O b. an increase by 0.171 O c. an increase by 0.05 O d. an increase by 0.15
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