Consider a Linear Probability Model where the dependent variable is Has Health Insurance. One independent variable is the individual's income in $1,000s. The coefficient on income in $1,000s is 0.01. What do the results of the Linear Probability Model suggest?

Group of answer choices

a) On average, a 10% increase in income results in a $0.1 increase in the amount of health insurance coverage

b) On average, a 10% increase in income results in a 0.1 percentage point increase in the probability of having health insurance

c) On average, a $1,000 increase in income results in a $0.01 increase in the amount of health insurance coverage

d) On average, a $1,000 increase in income results in a 1 percentage point increase in the probability of having health insurance