For the Linear Probability Model Y = β₀ + β₁x

question 21

Multiple Choice

For the linear probability model y = β₀ + β₁x + ε,the predicted value of y is always constrained between ________.

• A) 0 and 1.
• B) −1 and 1.
• C) Both 0 and 1,and −1 and 1 are correct.
• D) None of these choices is correct.

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Definitions:

Collectivism

A cultural value that prioritizes group goals over individual goals and emphasizes the importance of cohesion within social groups.

Individualism

A social theory favoring freedom of action for individuals over collective or state control, emphasizing personal independence and the importance of individual self-reliance.

Ethically Sensitive

Pertaining to individuals or practices that are acutely aware of and responsive to ethical standards and implications.

Role Perceptions

Individuals' views and understandings of their responsibilities, duties, and behaviors expected in a particular social or work setting.