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[GET ANSWER] Consider a binary response variable y and two explanatory variables x1 and x2. The following table contains the parameter estimates of the linear probability model (LPM) and the logit model, with the associated p-values shown in parentheses.VariableLPMLogitConstant-0.50-1.900.02 (0.06)0.260.99x1(0.06)(0.06)-0.06-0.30x2(0.01)(0.04)a. At the 5% significance level, comment on the significance of the variables for both models.VariableLPMLogitx1(Click to select)(Click to select)x2(Click
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A relationship between two variables is described. In each case, we can think of one variable as helping to explain the other. Identify the explanatory variable and the response variable. Year and the world record time in a marathon. | Numerade
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