Question: The coefficient for IL - 1.08 and the coefficient for IN is 3.92. Assume the Coca Cola company has production facilities in IL, IN, and

The coefficient for IL - 1.08 and the coefficient for IN is 3.92. Assume the Coca Cola company has production facilities in IL, IN, and KY in the Midwest. The company wants to know which facility is most productive in the Midwest. Economists collected data on monthly output from each facility. They regressed output (number of regular Coke cans) on age of the facility, month, and state dummy variables, leaving out KY as the left out state. For simplicity, assume that all explanatory variables in the regression are exogenous. The table below is part of the regression results. Which of the following is correct? Group of answer choices IL is more productive than IN. IN is equally productive as KY. KY is more productive than IN. IL is equally productive as IN. None of the above

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