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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)
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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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.
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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