To Explain Personal Consumption (CONS) Measured in Dollars, Data Is

Multiple Choice

To explain personal consumption (CONS) measured in dollars, data is collected forINC: personal income in dollarsCRDTLIM: $1 plus the credit limit in dollars available to the individualAPR: mean annualized percentage interest rate for borrowing for the individualADVT: per person advertising expenditure in dollars by manufacturers in the city where the individual livesSEX: gender of the individual; 1 if female, 0 if maleA regression analysis was performed with CONS as the dependent variable and CRDTLIM, APR, ADVT, and SEX as the independent variables.The estimated model wasY = 2.28 - 0.29 CRDTLIM + 5.77 APR + 2.35 ADVT +0.39 SEXWhat 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.