Persico, Postlewaite, and Silverman (2004) estimated a regression of hourly wages (Y) on height (x) for...

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Persico, Postlewaite, and Silverman (2004) estimated a regression of hourly wages (Y) on height (x) for males. A linear regression yielded the following estimated regression equation: Y-13.093 +0.412X The slope coefficient can be interpreted in the manner... O A. An increase in the height of 1 inch is associated with an average increase in the hourly wage of 0.41 dollar per hour. OB. An increase in the hourly wage of 0.41 dollar per hour is associated with an average increase height of 1 inch. O C. An increase in the height of 5 inches is associated with an average increase in the hourly wage of 3.06 dollars per hour. OD. None of these answers are correct. Persico, Postlewaite, and Silverman (2004) estimated a regression of hourly wages (Y) on height (x) for males. A linear regression yielded the following estimated regression equation: Y-13.093 +0.412X The slope coefficient can be interpreted in the manner... O A. An increase in the height of 1 inch is associated with an average increase in the hourly wage of 0.41 dollar per hour. OB. An increase in the hourly wage of 0.41 dollar per hour is associated with an average increase height of 1 inch. O C. An increase in the height of 5 inches is associated with an average increase in the hourly wage of 3.06 dollars per hour. OD. None of these answers are correct.

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The detailed answer for the above question is provided below Answer Option A is correct A An increas... View the full answer