In the probit model Pr(Y = 1 X1,X2,... ,Xk)= Φ(β0 + β1X1 + βxX2 + ...+ βkXk),
A)the β'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)β0 cannot be negative since probabilities have to lie between 0 and 1.
D)β0 is the probability of observing Y when all X's are 0

Question

In the probit model Pr(Y = 1  X1,X2,... ,Xk)= Φ(β0 + β1X1 + βxX2 + ...+ βkXk),
A)the β'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)β0 cannot be negative since probabilities have to lie between 0 and 1. 
D)β0 is the probability of observing Y when all X's are 0

Quizplus · Accepted Answer

The Answer of In the probit model Pr(Y = 1  X1,X2,... ,Xk)= Φ(β0 + β1X1 + βxX2 + ...+ βkXk),
A)the β'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)β0 cannot be negative since probabilities have to lie between 0 and 1. 
D)β0 is the probability of observing Y when all X's are 0

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