For the Linear Probability Model Y = β₀ + β₁x

question 91

True/False

For the linear probability model y = β₀ + β₁x + ε,the predictions made by can be always interpreted as probabilities.

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Definitions:

Color Blindness

A visual impairment where one is unable to distinguish certain shades of color due to deficiency in the eyes' color-detecting molecules.

Shades

Variations or different tones of colors, often used to describe subtle differences in color.

Distinguish

To recognize or treat (someone or something) as different, or to identify the distinct characteristics that set someone or something apart.

Color Blindness

A visual impairment in which a person has difficulty distinguishing between certain colors, typically red and green or blue and yellow.