In the probit regression, the coefficient ?1 indicates
A) the change in the probability of Y = 1 given a unit change in X
B) the change in the probability of Y = 1 given a percent change in X
C) the change in the z- value associated with a unit change in X
D) none of the above
Answer: C) the change in the z- value associated with a unit change in X
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Fill in the blank(s) with correct word
If a firm uses labor to produce output, the firm's production function depicts the relationship between
a. the number of workers and the quantity of output. b. marginal product and marginal cost. c. the maximum quantity that the firm can produce as it adds more capital to a fixed quantity of labor. d. fixed inputs and variable inputs in the short run.