Consider the Following Probit Regression

question 41

Essay

Consider the following probit regression
Pr(Y = 1 | X)= Φ(8.9 - 0.14 × X)
Calculate the change in probability for X increasing by 10 for X = 40 and X = 60. Why is there such a large difference in the change in probabilities?

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Definitions:

Priming

A psychological phenomenon where an initial stimulus influences a person's response to a subsequent, related stimulus without conscious guidance.

Stimulus

Any object or event that evokes a sensory or behavioral response in an organism.

Stroop Test

A psychological test that demonstrates the conflict between cognitive processes by requiring individuals to name the color of a word rather than the word itself.

Duplex Mind

Describes the concept that the human mind has two different processing systems: an automatic, unconscious system and a deliberate, conscious system.