Suppose that OLS estimation yields, where income is measured in thousands of dollars. This implies that

Question 19 options:

A.A 1% increase in income is associated with 0.3642 points increase in test scores.

B.A 1% increase in income is associated with 0.3642% increase in test scores.

C. An increase of income by one thousand dollar is associated with 0.3642% increase in test scores.