Help with interpreting results of a bivariate probit regression please

jemma

New Member
#1
I have recently run this regression using Stata and the command biprobit. However, I am a complete newbie to statistics and I need some help interpreting the results.
I am mostly confused by the Rho and Wald Chi2 results. A simple explanation would be much appreciated.

I have attached a screenshot of the regression results :)