Linear probability model continues
Despite the shortcomings of the linear probability model and the advantages of the MLE approach. Yet the linear probability model continues to be used. What are some reasons why it might still be used?
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Find the Region variable in the SampleDataSet. Using SampleDataSet, create a frequency distribution or a histogram. Based on the frequency distribution or histogram, estimate the probability associated with each region.
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Identify the type 1 error and the type 2 error that correspond to the given hypothesis. THe percentage of adults who have a job is equal to 88%.
The following table shows the results of recent study regarding gender of individuals and their selected field of study.
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