The Probit Model

question 3

Multiple Choice

The probit model

• A)is the same as the logit model.
• B)always gives the same fit for the predicted values as the linear probability model for values between 0.1 and 0.9.
• C)forces the predicted values to lie between 0 and 1.
• D)should not be used since it is too complicated.

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Definitions:

Mediation

A form of alternative dispute resolution where a neutral third party helps disputants find a mutually acceptable solution.

Compulsory Arbitration

A mandatory process where a neutral third party makes a binding decision to resolve a dispute.

Voluntary Arbitration

A method of conflict resolution in which the conflicting parties choose to abide by the decision of an independent third party.

Assertive Behavior

A communication style in which individuals state their opinions and feelings clearly and directly while respecting the rights and beliefs of others.