The Linear Probability Model Is

question 1

Multiple Choice

The linear probability model is

• A)the application of the multiple regression model with a continuous left-hand side variable and a binary variable as at least one of the regressors.
• B)an example of probit estimation.
• C)another word for logit estimation.
• D)the application of the linear multiple regression model to a binary dependent variable.

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Definitions:

Marginal Benefits

The further satisfaction or benefit realized from consuming one more unit of a good or service.

Majority Vote

A decision-making process where the choice receiving more than half of the votes wins.

Recreation Center

A facility that provides a variety of physical and social activities designed for enjoyment, relaxation, and the physical health of the community.

Logrolling

The act of trading support, particularly within the political arena, through mutual agreement to vote for each other's proposed bills.