Using a sample of 50, the following regression output is obtained from estimating the linear probability regression model y = 30 + B1x + ε. What is the predicted probability when x = 14? Coefficients Intercept X O 8.34 O 0.72 O 4.42 O 3.86 4.14 -0.02 Standard Error 0.30 0.03 t Stat 1.45 -4.65 P-value 0.0001 0.0000

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Using a sample of 50, the following regression output is obtained from estimating the linear probability regression
model y = 30 + B1x + ε. What is the predicted probability when x = 14?
Intercept
X
8.34
O 0.72
4.42
O 3.86
Coefficients
4.14
-0.02
Standard
Error
0.30
0.03
t Stat
1.45
-4.65
P-value
0.0001
0.0000
Transcribed Image Text:Using a sample of 50, the following regression output is obtained from estimating the linear probability regression model y = 30 + B1x + ε. What is the predicted probability when x = 14? Intercept X 8.34 O 0.72 4.42 O 3.86 Coefficients 4.14 -0.02 Standard Error 0.30 0.03 t Stat 1.45 -4.65 P-value 0.0001 0.0000
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