In the probit regression, the coefficient β₁ 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

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In probit regression, the coefficient β represents the change in the z-value (which corresponds to the cumulative distribution function of the standard normal distribution) for a one-unit change in the predictor variable X. This is different from logistic regression, where coefficients are interpreted in terms of odds ratios.

In the Probit Regression, the Coefficient β1 Indicates

In the Probit Regression, the Coefficient β₁ Indicates