Suppose you run a simple regression on a dataset with 123 colleges, with percent of students who
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Question:
- Suppose you run a simple regression on a dataset with 123 colleges, with percent of students who are receiving financial aid as the dependent variable and the total in-state tuition, in $10,000 units. The unstandardized regression coefficient is 8.43. What is the correct interpretation of the regression coefficient?
1 | A $10,000 unit increase in tuition is associated with an 8.43 increase in the percent of students who are receiving financial aid. | |
2 | A dollar increase in tuition is associated with an 8.43 increase in the percent of students who are receiving financial aid. | |
3 | Institutions with high tuition have an 8.43 percent more students receiving financial aid than institutions with low tuition. | |
4 | A one percent increase in students receiving financial aid is associated with a 8.43 percent increase in tuition. |
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