Use the data in loanapp. dta for this exercise. The binary variable to be explained is approve, which is equal to one if a mortgage loan to an individual is approved. The key explanatory variable is white, a dummy variable equal to one if the applicant is white.

Answerasymmetric information;

Charisma;

Students in mrs. carr’s class are asked to make a prediction after reading this passage from white fang.but the bane of his life was lip-lip. larger, older, and stronger, lip-lip had selected white fang for his special object of persecution. white fang fought willingly enough, but he was outclassed. his enemy was too big. lip-lip became a nightmare to him. whenever he ventured away from his mother, the bully was sure to appear.which student prediction is most reasonable?