Multiple Choice
In the model y = 0 + 1ln(x) + , the predicted value is = b0 + b1ln(x) . What is the impact of the estimated slope coefficient?
A) b1 measures the approximate change in when x increases by 1 unit.
B) b1 × 0.01 measures the approximate change in when x increases by 1%.
C) b1 measures the approximate change in when x increases by 1%.
D) b1 × 100 measures the approximate change in when x increases by 1 unit.
Correct Answer:

Verified
Correct Answer:
Verified
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