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Consider the Binary Dummy Variable Gender which takes the values M and F. In a linear regression with the dependent variable the amount invested in
Consider the Binary Dummy Variable Gender which takes the values "M" and "F". In a linear regression with the dependent variable the amount invested in stocks, Gender is interacted with Income. Suppose the excluded category for Gender is "F". If the coefficient on Gender is 3,894.17, the coefficient on Income is 0.06, and the coefficient on the Interaction Term, Income*Gender is 0.03, what is the relationship between Income and the amount invested in stocks for a person whose Gender is category "M"? Group of answer choices Increasing Income by $1 increases the amount invested in stocks by $0.03 Increasing Income by $1 increases the amount invested in stocks by $0.06 Increasing Income by $1 increases the amount invested in stocks by $0.09 Increasing Income by $1 increases the amount invested in stocks by $3,894.17
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