Question: Which interpretation of a linear probability regression model represents the estimate ^P = 40 + 0.05 x ? for each 1 unit increase in x

Which interpretation of a linear probability regression model represents the estimate ^P = 40 + 0.05x?

  • for each 1 unit increase inx, the predicted probability ^P decreases by 0.05.
  • for each 40 unit decrease inx, the predicted probability ^P increases by 40.
  • for each 1 unit increase inx, the predicted probability ^P increases by 0.05.
  • for each 0.05 unit increase inx, the predicted probability ^P decreases by 40.

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