In the probit model Pr(Y = 1 = ?(?0 + ?1X), ?

A) is not defined for ?(0).
B) is the standard normal cumulative distribution function.
C) is set to 1.96.
D) can be computed from the standard normal density function.

Answer: B

Economics

You might also like to view...

Firms in a(n) ________ produce an efficient scale of output

A) monopolistically competitive market B) monopoly market C) oligopoly market with differentiated products D) perfectly competitive market

Economics

If free entry and exit were not possible,

A. in the long run firms would break even. B. in the long run firms would lose money. C. in the long run firms would make money. D. It is impossible to tell what would happen without more cost and revenue information.

Economics