Question: Choose the correct statement: a. The large difference between the estimates in column (1) and the ones in column (2) implies that predicted probabilities would
Choose the correct statement: a. The large difference between the estimates in column (1) and the ones in column (2) implies that predicted probabilities would be highly sensitive to whether the Logit model is employed or the Probit model is employed. b. Column (1) suggests that the government would hire a job candidate with 16 years of education with 24.5% probability, i.e., 0.245 = 0.272 X 16 - 4.107. c. Column (2) suggests that the government would hire a job candidate with 16 years of education with 67.0% probability, i.e., 0.670 = 0.551 X 16 - 8.146. d. Column (3) suggests that the government would hire a job candidate with 16 years of education with 38.8% probability, i.e., 0.388 = 0.035 X 16 - 0.172. e. Column (4) suggests that the government would not hire anyone because the estimated coefficients are all negative
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