5. A researcher has data for 33 states' data on soda taxes and obesity rate (percentof people who are obese), Soda taxes measured in cents, and estimates the followingregression (Note that log value of soda tax is used as the independent variable)Standard errors are in parenthesesObeseRatê= 25.6 -0.001 LogSodaTaxR2 0.35(10.0) (0.002)1) How would you interpret the estimated coefficient of SodaTax?3) R20.35 in the above estimated regression, how would you interpret it?

1)Interpretation from the estimated coefficient of SodaTaxIf we increase Soda tax by one percent, we…

Answered: 5. A researcher has data for 33 states'…

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section5.6: Exponential And Logarithmic Equations

Problem 69E

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