When Estimating Probit and Logit Models, A $t$ -Statistic Should Still Be Used for Testing a Single Restriction

question 32

Short Answer

When estimating probit and logit models, a. the $t$ -statistic should still be used for testing a single restriction.
b. you cannot have binary variables as explanatory variables as well.
c. $F$ -statistics should not be used, since the models are nonlinear.
d. it is no longer true that the $\bar { R } ^ { 2 } < R ^ { 2 }$ .

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.

Gross Profit

The difference between sales revenue and the cost of goods sold.

Cost of Goods Sold

The direct monetary outlays for the creation of goods a company markets, including costs for labor and materials.

Cost of Goods Sold

Costs directly incurred from the process of manufacturing goods that a company sells, including the costs of materials and labor.