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:

Negative Reinforcer

An unfavorable event or outcome that, when removed after a behavior, increases the frequency of that behavior in the future.

Stockbroker

A professional who executes buy and sell orders for stocks and other securities on behalf of clients in exchange for a fee or commission.

Stress Level

This refers to the intensity of stress which is the physiological and psychological strain or tension a person feels in response to life's demands.

Primary Reinforcer

A stimulus that is inherently rewarding and satisfies a biological need, leading to an increase in the behavior that preceded it.