In the probit model Pr(Y = 1 | X₁, X₂,..., X_k)= ?(?₀ + ?₁X₁ + ?_xX₂ + ... + ?_kX_k), A)the ?'s do not have a simple interpretation. B)the slopes tell you the effect of a unit increase in X on the probability of Y. C)?₀ cannot be negative since probabilities have to lie between 0 and 1. D)?₀is the probability of observing Y when all X's are 0

Question

Quizplus · Accepted Answer

The Answer of In the probit model Pr(Y = 1 | X₁, X₂,..., X_k)= ?(?₀ + ?₁X₁ + ?_xX₂ + ... + ?_kX_k), A)the ?'s do not have a simple interpretation. B)the slopes tell you the effect of a unit increase in X on the probability of Y. C)?₀ cannot be negative since probabilities have to lie between 0 and 1. D)?₀is the probability of observing Y when all X's are 0

In the Probit Model Pr(Y = 1 | X1, X2

In the Probit Model Pr(Y = 1 | X₁, X₂