In the Binary Dependent Variable Model, a Predicted Value of 0.6

question 2

Multiple Choice

In the binary dependent variable model, a predicted value of 0.6 means that

• A)the most likely value the dependent variable will take on is 60 percent.
• B)given the values for the explanatory variables, there is a 60 percent probability that the dependent variable will equal one.
• C)the model makes little sense, since the dependent variable can only be 0 or 1.
• D)given the values for the explanatory variables, there is a 40 percent probability that the dependent variable will equal one.

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