# probit meaning

EN[-ɒbɪt]WProbit

- In probability theory and statistics, the probit function is the quantile function associated with the standard normal distribution.
- The standard normal distribution is commonly denoted as N(0,1) and its cumulative distribution function as .
- The probit function gives the 'inverse' computation, generating a value of an N(0,1) random variable, associated with specified cumulative probability. Formally, the probit function is the inverse of , denoted . Continuing the example,
- .
- In general,
- and
- ^ Li, Rita Yi Man (2012). "Econometric modeling of risk adverse behaviours of entrepreneurs in the provision of house fittings in China". Australasian Journal of Construction Economics and Building 12 (1): 72–82.

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Source: Wiktionary

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