Multiple Choice
Given log linear model that says Ln Income =B0+B1Education, we interpret the results as:
A) A one year increase in education is expected to lead to a B1 change in income.
B) A one year increase in education is expected to lead to a B1% change in income.
C) A one year increase in education is expected to lead to a B1/100 change in income.
D) A one percent increase in education is expected to lead to a B1/100 change in income
Correct Answer:
Verified
Correct Answer:
Verified
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