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Consider the Following Probit Regression Pr⁡(Y=1∣X)=Φ(8.9−0.14×X)\operatorname { Pr } ( Y = 1 \mid X ) = \Phi ( 8.9 - 0.14 \times X )

Question 22

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Consider the following probit regression Pr⁡(Y=1∣X)=Φ(8.9−0.14×X)\operatorname { Pr } ( Y = 1 \mid X ) = \Phi ( 8.9 - 0.14 \times X ) Calculate the change in probability for XX increasing by 10 for X=40X = 40 and X=60X = 60 . Why is there such a large difference in the change in probabilities?

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