QUESTION 7 1. You have data on yearly salary (in dollars) for university faculty as well as hours spent on campus. You run a model predicting yearly salary with hours spent on campus and find a standardized regression coefficient on hours spent on campus of 0.10. What is the correct interpretation of this standardized coefficient? A one hour increase in the hours spent on campus is associated with a 0.10 dollar increase in yearly salary. A one hour increase in the hours spent on campus is associated with a 0.10 standard deviation increase in yearly salary. A standard deviation increase in the hours spent on campus is associated with a 0.10 dollar increase in yearly salary. A standard deviation increase in the hours spent on campus is associated with a 0.10 standard deviation increase in yearly salary.