TABLE 14-10 You Worked as an Intern at We Always Win Car

question 121

Multiple Choice

TABLE 14-10
You worked as an intern at We Always Win Car Insurance Company last summer.You notice that individual car insurance premiums depend very much on the age of the individual and the number of traffic tickets received by the individual.You performed a regression analysis in EXCEL and obtained the following partial information:
-To explain personal consumption (CONS) measured in dollars,data is collected for A regression analysis was performed with CONS as the dependent variable and CRDTLIM,APR,ADVT,and GENDER as the independent variables.The estimated model was What is the correct interpretation for the estimated coefficient for GENDER?

• A)Holding the effect of the other independent variables constant,mean personal consumption for females is estimated to be $0.39 higher than males.
• B)Holding the effect of the other independent variables constant,mean personal consumption for males is estimated to be $0.39 higher than females.
• C)Holding the effect of the other independent variables constant,mean personal consumption for females is estimated to be 0.39% higher than males.
• D)Holding the effect of the other independent variables constant,mean personal consumption for males is estimated to be 0.39% higher than females.

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Definitions:

Child Abuse

Any act by a parent, guardian, or other caretakers that results in potential harm, injury, or emotional damage to a child.

Emergency Department

The part of a hospital responsible for providing rapid medical and surgical care to patients with acute illnesses or injuries.

Bruises

Marks on the skin resulting from injury caused by impact or pressure, which leads to bleeding under the skin without breaking the skin surface.

Cycle of Violence

A pattern of behavior in an abusive relationship that includes episodes of violent and non-violent behavior, which repeat themselves in a cyclical manner.