The linear probability model always contains heteroskedasticity when the dependent variable is a binary variable unless all of the slope parameters are zero.
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: The linear probability model always contains heteroskedasticity when the dependent variable is a binary variable unless all of the slope parameters are zero.
You might also like to view...
Refer to the above data. The expenditures approach to GDP calculation can be done by adding:
a. 1 through 7 b. 8 through 13 c. 2 through 7 d. 8 through 11
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The firm is currently along isocost CD. If the price of capital is $10, then the price of labor is
A. $10. B. $20. C. $80. D. indeterminate from this information.
A firm carries out price discrimination when it charges
a. a lower price to consumers whose demand is more elastic. b. the same price to all of their consumers. c. a higher price to consumers whose demand is more elastic. d. a higher price when their marginal cost is lower.
What is the difference between capital goods and consumer goods?
What will be an ideal response?