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.

Question

Quizplus · Accepted Answer

The probit model uses the standard normal cumulative distribution function (denoted as Φ) to model the probability that Y = 1 given a linear combination of predictors. This function maps any real number input to a probability value between 0 and 1, making it suitable for modeling binary outcomes in regression analysis.

In the Probit Model Pr(Y = 1 | = ?(?0

In the Probit Model Pr(Y = 1 | = ?(?₀