Aside from the sample being a random sample from the target population, and the latent variable model determining function is correct, what critical assumption guarantees the consistency of the maximum likelihood probit and logit estimates for the coefficients?
A. The predictions need to be between zero and one.
B. The coefficients are jointly statistically significant.
C. The model errors and the treatment variables are independent.
D. The sample size is large.
Answer: C
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