Multiple Choice
All of the following variables are likely to be limited dependent variables except for which one?
A) Consumer trips that include an ice cream purchase
B) Seasons in which a team wins their national championship
C) Average wholesale electricity price for state of Indiana
D) Whether a mortgage applicant is approved or not
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The primary distinction between a linear probability
Q3: A latent variable is one that:<br>A) can
Q4: Which of the following correctly summarizes one
Q5: In the standard regression formula of Y<sub>i</sub>
Q6: Which of the following limitations of the
Q7: In estimating the linear probability model for
Q8: How does the interpretation of the coefficient
Q9: After estimating a probit model for the
Q10: A shortcoming of potentially using the probit/logit
Q11: The probit model assumes what sort of