To Explain Personal Consumption (CONS) Measured in Dollars, Data Is

question 28

Multiple Choice

To explain personal consumption (CONS) measured in dollars, data is collected forINC: personal income in dollarsCRDTLIM: $1 plus the credit limit in dollars available to the individualAPR: mean annualized percentage interest rate for borrowing for the individualADVT: per person advertising expenditure in dollars by manufacturers in the city where the individual livesSEX: gender of the individual; 1 if female, 0 if maleA regression analysis was performed with CONS as the dependent variable and CRDTLIM, APR, ADVT, and SEX as the independent variables.The estimated model wasY = 2.28 - 0.29 CRDTLIM + 5.77 APR + 2.35 ADVT +0.39 SEXWhat is the correct interpretation for the estimated coefficient for SEX?

• 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:

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A psychological, evolutionary, and ethological theory concerning relationships between humans, specifically the importance of attachment in personal development.

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The degree of accuracy or faithfulness to an original or to a set of standards or beliefs.