Question
Statistics, Econometrics & Mathematical Economics Question on Probability
| The estimated results of a Probit model is given in the table below, where Y is a binary variable taking the value either 0 or 1, and X is an integer. The probability that Y = 1 when X = 30 is ________ (rounded off to two decimal places).Variable | Coefficient | Standard Error | Z-Statistic | Probability |
|---|---|---|---|---|
| Constant | -0.064 | 0.399 | -0.161 | 0.871 |
| X | 0.029 | 0.010 | 2.916 | 0.003 |
Answer
The correct answer is 0.54 to 0.84 (approx)