Solved

Suppose You Estimate the Sample Regression Function log( Solar Syst^em Sales)=108,632.470.112 Solar System Tax Rate \log ( \text { Solar } \widehat {Syst}em \text { Sales} ) = 108,632.47 - 0.112 \cdot \text { Solar System Tax Rate }

Question 25

Multiple Choice

Suppose you estimate the sample regression function log( Solar Syst^em Sales) =108,632.470.112 Solar System Tax Rate \log ( \text { Solar } \widehat {Syst}em \text { Sales} ) = 108,632.47 - 0.112 \cdot \text { Solar System Tax Rate }
You should conclude that


A) a $1 increase in the solar system tax rate is associated with 0.112 fewer solar system sales.
B) a 1 percent increase in the solar system tax rate is associated with a 0.112 percent decrease in solar system sales.
C) a 1 dollar increase in the solar system tax rate is associated with 11.2 fewer solar system sales.
D) a $1 increase in the solar system tax rate is associated with a 0.112 percent decrease in solar system sales.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents