To Explain Personal Consumption (CONS)measured in Dollars,data Is Collected for INC

question 153

Multiple Choice

To explain personal consumption (CONS) measured in dollars,data is collected for INC: personal income in dollars
CRDTLIM: $1 plus the credit limit in dollars available to the individual
APR: mean annualized percentage interest rate for borrowing for the individual
ADVT: per person advertising expenditure in dollars by manufacturers in the city where the individual lives

A regression analysis was performed with CONS as the dependent variable and ln(CRDTLIM) ,ln(APR) ,ln(ADVT) ,and GENDER as the independent variables.The estimated model was
Y = 2.28 - 0.29 1n(CRDTLIM) + 5.77 1n(APR) + 2.35 In(ADVT) + 0.39 SEX
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:

Carotid Artery

A major artery located on each side of the neck that supplies blood to the brain, neck, and face.

Stethoscope

A medical instrument used to listen to sounds within the body, such as the heartbeat or respiratory sounds, aiding in diagnosis.

PMI

Point of maximal impulse; the location on the chest wall where the heart's impulse can be most strongly felt.

Midclavicular Line

An imaginary line on the body extending from the midpoint of the clavicle vertically down the torso.