The Interpretation of the Slope Coefficient in the Model Ln(Y_i)=

question 54

Multiple Choice

The interpretation of the slope coefficient in the model ln(Y_i) = β₀ + β₁X_i + u_i is as follows:

• A)a 1% change in X is associated with a β₁ % change in Y.
• B)a change in X by one unit is associated with a 100 β₁ % change in Y.
• C)a 1% change in X is associated with a change in Y of 0.01 β₁.
• D)a change in X by one unit is associated with a β₁ change in Y.

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Definitions:

Proximal Stimulus

The physical energy from an object that directly interacts with sensory receptors, leading to perception.

Distal Stimulus

An object or event in the external world that provides information to the sensory organs.

Bottom-Up Processing

A cognitive process in which perception starts with an input from the environment, leading to the integration of the features of the stimulus into a cohesive whole.

Motivational States

Internal conditions that activate behavior towards a goal or push for satisfaction of a need.