In the Following Logarithmic Regression Model $\beta$ ₁ × 0 $\beta$ ₁ = 11,500, Then What Is the Unit Change in Measures

Multiple Choice

In the following logarithmic regression model, $\beta$ ₁ × 0.01 measures the approximate unit change in E(y) when x increases. If $\beta$ ₁ = 11,500, then what is the unit change in E(y) ?

A) 11.5 units
B) 1,150 units
C) 115 units
D) 11,500 units