Suppose You Estimate a Logit Model Explaining the Probability of Entering

question 5

Multiple Choice

Suppose you estimate a logit model explaining the probability of entering the labor force and you get the following estimated coefficients $Lab\widehat {or ~F}orce _ { i } = 4.83 + 1.27 \text { Education } _ { i } - 3.06 \text { Female } _ { i } + 2.91 \text { Children Under 6} _ { i }$
You should conclude that

• A)men are estimated to be 306 percent more likely than women to enter the labor force.
• B)men are estimated to be more likely than women to enter the labor force.
• C)each additional year of education increase the likelihood of entering the labor force by 483 percent.
• D)men are estimated to be 3.06 percent more likely than women to enter the labor force.

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Definitions:

Net Liability

Net liability refers to the total liabilities of an entity minus its assets, indicating a financial position where obligations exceed resources.

Accrued Interest

Interest that has been incurred but not yet paid.

Premium

An amount paid in excess of the normal or nominal value, often relating to the additional cost over the face value of securities or insurance charges beyond standard rates.