Multiple Choice
To explain personal consumption (CONS) measured in dollars,data is collected for
A regression analysis was performed with CONS as the dependent variable and CRDTLIM,APR,ADVT,and SEX as the independent variables.The estimated model was
? = 2.28 - 0.29 CRDTLIM - 5.77 APR + 2.35 ADVT + 0.39 SEX
What is the correct interpretation for the estimated coefficient for SEX?
A) Holding the effect of the other independent variables constant,mean personal consumption for females is estimated to be $0.39 higher than males.
B) Holding the effect of the other independent variables constant,mean personal consumption for males is estimated to be $0.39 higher than females.
C) Holding the effect of the other independent variables constant,mean personal consumption for females is estimated to be 0.39% higher than males.
D) Holding the effect of the other independent variables constant,mean personal consumption for males is estimated to be 0.39% higher than females.
Correct Answer:

Verified
Correct Answer:
Verified
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