34 90% b. Table 1 displays the results of LPM, logit, and probit that obtained...
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34 90% b. Table 1 displays the results of LPM, logit, and probit that obtained by Chloe in her study. Table 1: Binary Choice Models for Life satisfaction Variable LPM Logit Model Probit Model 0.2021 Constant 0.2114 0.2525 (1.26) (3.49) (4.04) -2.1292 -1.625 Anxiety -0.978 (-2.05) (-2.66) (-3.66) 0.234 Income 0.112 0.132 (3.33) (3.68) (4.66) 0.034 0.004 0.005 Age (2.92) (3.33) (3.99) Education 0.228 0.165 0.172 (2.96) (2.99) (3.64) Note: t-statistics/ z- statistics are reported in parentheses. Answer the following questions based on in Table 1. This question paper consists of 2 questions on 4 printed pages UBE02123 ECONOMETRICS (i) Interpret the estimates of Anxiety. (6 marks) (ii) Estimate the probability of Kaylyn (age: 35 years old) to be satisfied with her life where she felt anxiety during CMCO, she earned RM3000 per month and she is a graduate from UTAR. (12 marks)
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