Consider the following probit regression
Pr(Y = 1 
X)= Φ(8.9 - 0.14 × X)
Calculate the change in probability for X increasing by 10 for X = 40 and X = 60.Why is there such a large difference in the change in probabilities?
Correct Answer:
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X = 40)= 0.999;Pr(Y = 1 X = 5...View Answer
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