What is the probit function used for?
I'm wondering about the purpose of the probit function. What does it do and what kind of scenarios is it typically used in?
What is the plot of a probit function?
I'm trying to understand the background of a probit function. Specifically, I want to know what the plot of a probit function looks like and how it's typically used in statistical analysis or modeling.
How does the probit function work?
I'm curious about the working mechanism of the probit function. Could someone explain how it operates and what it's used for?