Question: Consider the multiple regression logarithmic model ln($/Student) vs Type of School and SAT.By examining this model we can conclude that. Lib Arts: ln($/Student)= 6.004+0.003161 SAT

Consider the multiple regression logarithmic model ln($/Student) vs Type of School and SAT.By examining this model we can conclude that.

Lib Arts: ln($/Student)= 6.004+0.003161 SAT

Univ: ln($/Student)= 6.465+0.003161 SAT

  1. Money spent per student in liberal arts colleges is, on average, 63% more than money spent per student in universities
  2. Money spent per student in liberal arts colleges is, on average, 37% less than money spent per student in universities
  3. Money spent per student in liberal arts colleges is, on average, 63% more than money spent per student in universities with the same median SAT scores
  4. Money spent per student in liberal arts colleges is, on average, 37% less than money spent per student in universities assuming the same median SAT scores
  5. None of the above

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