Suppose you've run a regression relating log(Output) to log(Worker Hours) in Excel. You are willing to make the necessary assumptions to deduce causality and run hypothesis tests. Your results are as follows:  Coefficients Standard Error t Stat P-value Intercept 17.4583044 28.47075584 0.613201297 0.541240031 Log(Worker Hours) 2.699483287 0.711729096 3.792852225 0.000264681 How should you interpret the coefficient on Log(Worker Hours) of 2.69?

A. A 1 unit increase in Worker Hours leads to a 2.69% increase in Output.
B. A 1% increase in Worker Hours leads to a 2.69% increase in Output.
C. A 1% increase in Worker Hours leads to a .0269% increase in Output.
D. A 2.69% increase in Worker Hours leads to a 1% increase in Output.


Answer: B

Biology & Microbiology

You might also like to view...

In Thomas Hunt Morgan's experiments, the ratio of red-eyed flies to white-eyed flies appeared to follow a simple Mendelian pattern of inheritance. What observation(s) did he make that led to his conclusion that the white-eyed trait was actually not a simple Mendelian trait?

A. He was able to correlate the expression of white eyes to the inheritance of an X chromosome. B. He saw that only males had white eyes. C. He observed that the white-eyed trait was recessive. D. He was able to correlate the expression of white eyes to the inheritance of a Y chromosome because only F2 males had white eyes and the trait is recessive. E. He was able to correlate the expression of white eyes to the inheritance of an X chromosome because only F2 males had white eyes and the trait is recessive.

Biology & Microbiology

The maintenance of the volume and composition of

body fluids is the primary responsibility of which system? a. integumentary b. immune c. digestive d. urinary e. circulatory

Biology & Microbiology

Strains of Mycobacterium tuberculosis called MDR are resistant to

A) levofloxacin. B) isoniazid. C) rifampin. D) isoniazid and rifampin. E) levofloxacin, isoniazid and rifampin.

Biology & Microbiology

To be a successful cell evolutionarily, the earliest cells had to:

A) consume oxygen. B) reproduce. C) have mitochondria. D) photosynthesize.

Biology & Microbiology