results explanation (help please)

momo

New Member
#1
After running a bivariate probit model and likelihood ratio for two different categories I got these results, so what do you think of it. any information

First

Number of observations=31175 LR chi2 (20) = 6958.07
Log likelihood = -29270.574 Prob > chi2 = 0.0000

Likelihood-ratio test of rho=0: chi2 (1) = 578.057 Prob > chi2 = 0.0000

Second

Bivariate probit regression Number of observations = 3704
LR chi2 (20) = 1651.27 Likelihood= -4205.8819 Prob > chi2 = 0.0000

Likelihood-ratio test of rho=0: chi2 (1) = 11.2847 Prob > chi2 = 0.0008

Thanks anyway