THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 38

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
You are interested in examining the factors that determine the average length of stay in a hospital across states.You collect data on the following variables:
Y = statewide average hospital stay
X₁ = median state income
X₂ = 1 if the state is in the Northeast,0 otherwise
X₃ = 1 if the state is in the South,0 otherwise
X₄ = 1 if the state is in the Midwest,0 otherwise
X₅ = 1 if the state is in the West,0 otherwise
-You run the following regression: Y = β₀ + β₁X₁ + β₂X₂ + β₃X₃ + β₅X₅.What effect does being a state in the Northeast have on the average length of hospital stay?

• A)β₀
• B)β₀ + β₅
• C)β₂
• D)β₀ + β₂

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