In the Probit Model Pr(Y = 1 X1,X2

Multiple Choice

In the probit model Pr(Y = 1 X1,X2,... ,Xk) = Φ(β0 + β1X1 + βxX2 + ...+ βkXk) ,

A) the β's do not have a simple interpretation.
B) the slopes tell you the effect of a unit increase in X on the probability of Y.
C) β0 cannot be negative since probabilities have to lie between 0 and 1.
D) β0 is the probability of observing Y when all X's are 0