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In the Probit Regression, the Coefficient β1 Indicates

question 31

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In the probit regression, the coefficient β1 indicates


Definitions:

Markup Percent

The proportion added onto the purchase price of products to account for overhead costs and gain a profit.

Cost

The amount of money required to purchase something or the expenditure incurred to produce something.

Markup Percent

The percentage by which the cost of a product is increased to determine its selling price.

Cost

The amount of money required to purchase something or the expense associated with creating a product or service.

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