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Kyle
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How do I interpret a probit model on STATA?

So I'm trying to study for an exam and I'm not sure how to interpret this probit regression I ran on STATA. The data is on loan approval and white is a dummy variable that =1 if a person was white, and =0 if the person was not. Any help on how to read this would be greatly appreciated. What I'm mostly looking for is how to find the estimated probability of loan approval for both whites and nonwhites. Can someone also help me with the text on here and how to make it normal?? I'm sorry I don't know how to do this.

. probit approve white

Iteration 0: log likelihood = -740.34659
Iteration 1: log likelihood = -701.33221
Iteration 2: log likelihood = -700.87747
Iteration 3: log likelihood = -700.87744

Probit regression
Number of obs = 1989

LR chi2(1) = 78.94

Prob > chi2 = 0.0000

Log likelihood = -700.87744

Pseudo R2 = 0.0533


 approve |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]

-------------+---------------------------------------------------------------- white | .7839465 .0867118 9.04 0.000 .6139946 .9538985 _cons | .5469463 .075435 7.25 0.000 .3990964 .6947962

Kyle
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