Compute the probability that a 40 year old male with no kids is Unemployed. Input as a decimal.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter4: Equations Of Linear Functions
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testimated a multinomial logit model of employment behavior using data from the 2006 Current Population Survey. The three possible outcomes for a person are employed (outcome%3D1).
unemployed (outcome-2) andout of the labor force (outcome-3). The coefficients for outcomes 2 and 3 are presented below. The coefficients for outcome 1 are normalized to zero.
QUESTION 13
unemployed Out of labor force
0.0575
(2.65)
VARIABLES
0.677
female
(74.59)
-0.129
-0.305
age
(-33.56)
(-211.3)
Age-squared
0.00122
0.00379
(25.35)
(225.60)
#of kids aged O-5
0.00907
0.181
(0.49)
(22.78)
# of kids aged 6-17
0.0711
0.199
(6.56)
-0.309
(-4.467)
(42.17)
Constant
3.711
(132.50)
Observations
325458
325458
Compute the probability that a 40 year old male with no kids is Unemployed. Input as a decimal.
Transcribed Image Text:testimated a multinomial logit model of employment behavior using data from the 2006 Current Population Survey. The three possible outcomes for a person are employed (outcome%3D1). unemployed (outcome-2) andout of the labor force (outcome-3). The coefficients for outcomes 2 and 3 are presented below. The coefficients for outcome 1 are normalized to zero. QUESTION 13 unemployed Out of labor force 0.0575 (2.65) VARIABLES 0.677 female (74.59) -0.129 -0.305 age (-33.56) (-211.3) Age-squared 0.00122 0.00379 (25.35) (225.60) #of kids aged O-5 0.00907 0.181 (0.49) (22.78) # of kids aged 6-17 0.0711 0.199 (6.56) -0.309 (-4.467) (42.17) Constant 3.711 (132.50) Observations 325458 325458 Compute the probability that a 40 year old male with no kids is Unemployed. Input as a decimal.
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