Logit and Probit Models Are More Appropriate Than Linear Probability

question 7

Multiple Choice

Logit and probit models are more appropriate than linear probability models because:

• A) Logit and probit can estimate probabilities that are negative
• B) Logit and probit cannot estimate probabilities that are greater than one
• C) Logit and probit cannot estimate probabilities that are negative but not greater than one
• D) Logit and probit cannot estimate probabilities that are negative or greater than one

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Definitions:

Table Datasheet View

A graphical interface in databases that facilitates the viewing and management of records in table format, acting like an interactive spreadsheet.

Freeze

To temporarily stop the movement or function of something, often used in the context of computer software or finance.

Query Design View

A graphical interface in database software that allows users to visually create and modify queries without writing SQL code.

Field List

An element in database and spreadsheet software that displays the fields available for inclusion in a table or query.