In the probit regression given in the following table show that the intercept is equal to Icirc frac14 x Iuml x and the slope is equal to 1 Iuml x , where Icirc frac14 x and Iuml x are the mean and standard deviation of X Dependent Variable I Coefficient Variable Std Error Probability 1 0397E 07 4 ...

In the probit regression given in the following table show that the intercept is equal to Î¼

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In the probit regression given in the following table show that the intercept is equal to ˆ’Î¼_x/Ïƒ_xand the slope is equal to 1/Ïƒ_x, where Î¼_xand Ïƒ_xare the mean and standard deviation of X.

Dependent Variable: I Coefficient Variable Std. Error Probability 1.0397E-07 4.8547E-08 t-Statistic 0.0572 0.00247 -17.7

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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Question Posted: May 29, 2018 03:07 AM

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In the probit regression given in the following table show that the intercept is equal to Î¼

Question:

Dependent Variable: I Coefficient Variable Std. Error Probability 1.0397E-07 4.8547E-08 t-Statistic 0.0572 0.00247 -17.7473 -1.0166 0.04846 Income 19.5585 R? = 0.97951 Durbin-Watson statistic = 0.91384

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Recall that I i 1 X ...View the full answer

Basic Econometrics

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