24. Consider the following regression equation: Phi; = 0.45 + 0335mm + 0.09mi- + 0.39911433 {3) 'Where Pay is the payment of athletes in millions of dollars, exper is the number of years of experience, Star is a dummy equal to 1 if ire/she is a star player, and Gender is a dummy which equal to 1 if the individual is male. (a) If I decrease experience by 1 year, pay increases by 0.035 dollars. {b) If I increase experience by 1 year, pay increases by 35,000 dollars. {c) If I increase experience by 1 year, pay increases by 3.5 million dollars. {d) If I increase experience by 1 year, pay increases by 0.035 dollars. 16. Consider the regression equation in baseball: Run ScoredPerGame = B + B1BattingAverage + ByIsolatedPower + ByEye te (1) , where Walks + HitByPitch Eye = (2) PlateAppearance . If Plate Appearance increases, all else being constant, what is the effect on eye and run scored per game? (a) "Eye" will increase and "Run Scored per Game" will increase. (b) "Eye" will decrease and "Run Scored per Game" will increase. (c) "Eye" will increase and "Run Scored per Game" will decrease. (d) "Eye" will decrease and "Run Scored per Game" will decrease