To Explain Personal Consumption (CONS)measured in Dollars,data Is Collected For \begin{array}

question 219

Multiple Choice

To explain personal consumption (CONS) measured in dollars,data is collected for $$\begin{array} { | l | l | } \hline \text { INC: } & \text { personal income in dollars } \\\hline \text { CRDTLIM: } & \$ 1 \text { plus the credit limit in dollars available to the individual } \\\hline \text { APR: } & \text { average annualised percentage interest rate for borrowing for the individual } \\\hline & \text { per person advertising expenditure in dollars by manufacturersin the city } \\\text { ADVT: } & \text { where the individuallives } \\\hline \text { GENDER: } & \text { gender of the individual; } 1 \text { if female, 0 if male } \\\hline\end{array}$$ A regression analysis was performed with CONS as the dependent variable and log(CRDTLIM) ,ln(APR) ,log(ADVT) and GENDER as the independent variables.The estimated model was $\hat{y}$ = 2.28 * 0.29 log(CRDTLIM) + 5.77 llogAPR) + 2.35 log(ADVT) + 0.39 GENDER
AU: Please advise if 'llogAPR' is 'logAPR'.
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 males is estimated to be $0.39 higher than females.
• B) Holding the effect of the other independent variables constant, mean personal consumption for females is estimated to be 0.39% higher than males.
• C) Holding the effect of the other independent variables constant, mean personal consumption for males is estimated to be 0.39% higher than females.
• D) Holding the effect of the other independent variables constant, mean personal consumption for females is estimated to be $0.39 higher than males.

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Definitions:

Axillary Artery

A major blood vessel that carries oxygenated blood to the lateral aspect of the torso, armpit, and upper limb.

Median Cubital Artery

The median cubital artery is a superficial blood vessel in the elbow region that connects the cephalic and basilic veins and is often used for venipuncture.

Ulnar Artery

The artery that runs along the side of the forearm that is closest to the body when in an anatomical position, supplying blood to the forearm and hand.

Major Arterial Vessel

A major arterial vessel is a large artery that carries oxygen-rich blood away from the heart to various parts of the body.