5. A researcher has data for 33 states' data on soda taxes and obesity rate (percent of people who are obese), Soda taxes measured in cents, and estimates the following regression (Note that log value of soda tax is used as the independent variable) Standard errors are in parentheses ObeseRatê= 25.6 -0.001 LogSodaTax R2 0.35 (10.0) (0.002) 1) How would you interpret the estimated coefficient of SodaTax? 3) R2 0.35 in the above estimated regression, how would you interpret it?

Question
5. A researcher has data for 33 states' data on soda taxes and obesity rate (percent
of people who are obese), Soda taxes measured in cents, and estimates the following
regression (Note that log value of soda tax is used as the independent variable)
Standard errors are in parentheses
ObeseRatê= 25.6 -0.001 LogSodaTax
R2 0.35
(10.0) (0.002)
1) How would you interpret the estimated coefficient of SodaTax?
3) R2
0.35 in the above estimated regression, how would you interpret it?
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Transcribed Image Text

5. A researcher has data for 33 states' data on soda taxes and obesity rate (percent of people who are obese), Soda taxes measured in cents, and estimates the following regression (Note that log value of soda tax is used as the independent variable) Standard errors are in parentheses ObeseRatê= 25.6 -0.001 LogSodaTax R2 0.35 (10.0) (0.002) 1) How would you interpret the estimated coefficient of SodaTax? 3) R2 0.35 in the above estimated regression, how would you interpret it?

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