Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed
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 0.15You 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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Path To College Mathematics (Subscription)

Authors: Elayn Martin Gay

1st Edition

0134654560, 9780134654560

More Books

Students also viewed these Mathematics questions