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Consider the Following Least Squares Specification Between Testscores and the Student-Teacher

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Consider the following least squares specification between testscores and the student-teacher ratio: Consider the following least squares specification between testscores and the student-teacher ratio: = 557.8 + 36.42 ln (Income) .According to this equation,a 1% increase income is associated with an increase in test scores of A) 0.36 points B) 36.42 points C) 557.8 points D) cannot be determined from the information given here = 557.8 + 36.42 ln (Income) .According to this equation,a 1% increase income is associated with an increase in test scores of


A) 0.36 points
B) 36.42 points
C) 557.8 points
D) cannot be determined from the information given here

Correct Answer:

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