In the Probit Regression,the Coefficient β1 Indicates

question 39

Multiple Choice

In the probit regression,the coefficient β1 indicates

• A)the change in the probability of Y = 1 given a unit change in X
• B)the change in the probability of Y = 1 given a percent change in X
• C)the change in the z- value associated with a unit change in X
• D)none of the above

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Definitions:

Medium Of Exchange

An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money like savings deposits and money market securities.

M1

A category of the money supply that includes all physical money such as coins and currency, as well as demand deposits, and other liquid assets easily convertible to cash.

Less Liquid

Describes assets that cannot be easily converted to cash without significant loss in value, relative to more liquid assets.