Question: You estimated a probit model with 2 independent variable x2 and x3. The estimated coefficients are b1=0.085, b2=0.62 and b3=-0.195. You are given the average
You estimated a probit model with 2 independent variable x2 and x3. The estimated coefficients are b1=0.085, b2=0.62 and b3=-0.195. You are given the average of x2=1.5 and the average of x3=0.8. The effect of a one unit increase in x2 on the probability that y=1 is: A. Fall by 0.08 B. An increase by 0.171 C. An increase by 0.05 D. An increase by 0.15
You must use the normal distribution table to find
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