True/False
Consider the following regression equation: = 356 + 180x1 - 2.5x2.The x1 variable is a quantitative variable and the x2 variable is a dummy with values 1 and 0.Given this,we can interpret the slope coefficient on variable x2 as follows: Holding x1 constant,if the value of x2 is changed from 0 to 1,the average value of y will decrease by 2.5 units.
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Correct Answer:
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