Compute the probability that a 40 year old male with no kids is Unemployed. Input as a decimal.
Compute the probability that a 40 year old male with no kids is Unemployed. Input as a decimal.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Question: Please support to need correct answer as per attached pic.

Transcribed Image Text:testimated a multinomial logit model of employment behavior using data from the 2006 Current Population Survey. The three possible outcomes for a person are employed (outcome%3D1).
unemployed (outcome-2) andout of the labor force (outcome-3). The coefficients for outcomes 2 and 3 are presented below. The coefficients for outcome 1 are normalized to zero.
QUESTION 13
unemployed Out of labor force
0.0575
(2.65)
VARIABLES
0.677
female
(74.59)
-0.129
-0.305
age
(-33.56)
(-211.3)
Age-squared
0.00122
0.00379
(25.35)
(225.60)
#of kids aged O-5
0.00907
0.181
(0.49)
(22.78)
# of kids aged 6-17
0.0711
0.199
(6.56)
-0.309
(-4.467)
(42.17)
Constant
3.711
(132.50)
Observations
325458
325458
Compute the probability that a 40 year old male with no kids is Unemployed. Input as a decimal.
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