Using the results in column (1): 11.2 11.3

a. Does the probability of passing the test depend on Experience? Explain.

b. Matthew has 10 years of driving experience. What is the probability that he will pass the test?

c. Christopher is a new driver (zero years of experience). What is the probability that he will pass the test?

d. The sample included values of Experience between 0 and 40 years, and only four people in the sample had more than 30 years of driving experience. Jed is 95 years old and has been driving since he was 15. What is the model's prediction for the probability that Jed will pass the test? Do you think that this prediction is reliable? Why or why not?

a. Answer (a)-

(c) from Exercise 11.1 using the results in column (2).

b. Sketch the predicted probabilities from the probit and logit in columns (1) and (2) for values of Experience between 0 and 60. Are the probit and logit models similar?

a. Answer (a)-

(c) from Exercise 11.1 using the results in column (3).

b. Sketch the predicted probabilities from the probit and LPM in columns (1) and (3) as a function of Experience for values of Experi- ence between 0 and 60. Do you think that the LPM is appropriate here? Why or why not?