After Estimating a Probit Model for Whether an Individual Purchases

question 31

Multiple Choice

After estimating a probit model for whether an individual purchases a particular product as a function of income, which of the following conditions must hold?

• A) The r-squared will be one.
• B) The intercept will be positive.
• C) The predictions will fall between zero and 1.
• D) The predictions will sum to zero.

---

Definitions:

Abortion Rights

The rights of individuals to decide upon and access abortion services, often debated in terms of legal, moral, and health considerations.

Religious Institutions

Organizations dedicated to the practice and propagation of religious beliefs, including churches, mosques, temples, and synagogues.

Political Value

A fundamental belief or principle that influences political preferences and decision-making within a society or group.

Political Attitude

A person's specific viewpoint or position on political issues, which reflects their ideology, beliefs, and policy preferences.