The regression output shows the analysis of cholesterol levels based on age, sex, hours of exercise per week and diet preferences. There are three diet categories: vegan, vegetarian and traditional (which includes eating all types of plant and animal based products). D1 is 1 for those who are following a vegan diet, and 0 otherwise. D2 is 1 for those who are following a vegetarian diet, and 0 otherwise. Also note that the R square for this regression is 0.82. Intercept Age Male Exercise D1 D2 Coefficients Std. error t-stat 409.27 20.52 54.87 -5.90 -89.63 -45.05 Which of the following is NOT true? p-value 0.002 0.610 0.202 0.018 0.009 0.049 Every additional year of age increases cholesterol levels by 20.52 points, all else equal. On average, those who follow a vegetarian diet lower their cholesterol levels by 45.05 points compared to those who follow a traditional diet, all else equal. Every additional male increases the average cholesterol of the sample by 54.87, all else equal. On average, those who follow a vegan diet lower their cholesterol levels by 89.63 points compared to those who follow a traditional diet, all else equal.

The regression output shows the analysis of cholesterol levels based on age, sex, hours of exercise per week and diet preferences. There are three diet categories: vegan, vegetarian and traditional (which includes eating all types of plant and animal based products). D1 is 1 for those who are following a vegan diet, and 0 otherwise. D2 is 1 for those who are following a vegetarian diet, and 0 otherwise. Also note that the R square for this regression is 0.82. Intercept Age Male Exercise D1 D2 Coefficients Std. error t-stat 409.27 20.52 54.87 -5.90 -89.63 -45.05 Which of the following is NOT true? p-value 0.002 0.610 0.202 0.018 0.009 0.049 Every additional year of age increases cholesterol levels by 20.52 points, all else equal. On average, those who follow a vegetarian diet lower their cholesterol levels by 45.05 points compared to those who follow a traditional diet, all else equal. Every additional male increases the average cholesterol of the sample by 54.87, all else equal. On average, those who follow a vegan diet lower their cholesterol levels by 89.63 points compared to those who follow a traditional diet, all else equal.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter7: Production Economics

Section: Chapter Questions

Problem 1.3CE

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