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The estimated results of a Probit model is given in the table below, where Y is a binary variable taking the value either 0 or 1, and X is an integer. The probability that Y = 1 when X = 30 is ________ (rounded off to two decimal places).Variable Coefficient Standard Error Z-Statistic Probability Constant -0.064 0.399 -0.161 0.871 X 0.029 0.010 2.916 0.003
The estimated results of a Probit model is given in the table below, where Y is a binary variable taking the value either 0 or 1, and X is an integer. The probability that Y = 1 when X = 30 is ________ (rounded off to two decimal places).
| Variable | Coefficient | Standard Error | Z-Statistic | Probability |
| Constant | -0.064 | 0.399 | -0.161 | 0.871 |
| X | 0.029 | 0.010 | 2.916 | 0.003 |
Updated On: Oct 8, 2024
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Correct Answer: 0.54
Solution and Explanation
The correct answer is 0.54 to 0.84 (approx)
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