In the Following Regression Equation, Y Is a Binary Variable

question 18

Multiple Choice

In the following regression equation, y is a binary variable: y = ₀+ ₁x₁+… _k x_k+ u
In this case, the estimated slope coefficient, measures _____.

• A)the predicted change in the value of y when x₁ increases by one unit, everything else remaining constant
• B)the predicted change in the value of y when x₁ decreases by one unit, everything else remaining constant
• C) the predicted change in the probability of success when x₁ decreases by one unit, everything else remaining constant
• D) the predicted change in the probability of success when x₁ increases by one unit, everything else remaining constant

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Definitions:

Reasonable Freedom

A concept referring to the amount of autonomy and liberty considered fair or adequate in a given context, allowing individuals or groups to make choices within certain boundaries.

Take Initiatives

The action of identifying opportunities and proactively pursuing them without being prompted by others, showing leadership and self-drive.

Argyris

Refers to Chris Argyris, a pioneer in the field of organizational development, known for his work on the theory of organization behavior.

Highest Productivity

The maximum level of efficiency in which goods and services are produced with the least amount of resources in a given time period.