U 2.5 pts Question 25 Suppose we estimate a model of salaries that includes a variable for that is 1 if a person has bee

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U 2 5 Pts Question 25 Suppose We Estimate A Model Of Salaries That Includes A Variable For That Is 1 If A Person Has Bee 1 (18.03 KiB) Viewed 43 times

U 2.5 pts Question 25 Suppose we estimate a model of salaries that includes a variable for that is 1 if a person has been convicted of a felony and 0 otherwise. Salary +3, Felon What is the correct interpretation for the coefficient of 3₁. A one felony increase in the number of felonies a person has committed is associated with a 8 increase in salary A one felony increase in the number of felonies a person has committed is associated with a decrease in salary. larger than it would be otherwise If a person has committed a felony, then on average, holding all else equal, we expect their salary to be a O On average, holding all else equal, a one felony increase in the number of felonies a person has committed is associated with a By increase in salary. Question 26