Question: Suppose we create the following model using quantitative variables X and profit (in dollars) and categorical variable Segment (1, 2, 3, 4) lm( log(profit) ~

Suppose we create the following model using quantitative variables X and profit (in dollars) and categorical variable Segment (1, 2, 3, 4) lm( log(profit) ~ X + Segment, data=BronlynsExamData ) The coefficients table is below: Variable Estimate of coefficient p-value (intercept) 2 0.0199 X 1.4 0.0218 Segment2 0.07 0.6142 Segment3 0.7 0.0126 Segment4 -1.1 0.0003 When we control for X, the predicted profit in Segment 3 is _____ % higher than in Segment 1

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