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Dep. Variable: Model: Method: Date: Time: No. Observations: Df Residuals: Df Model: Covariance Type: Intercept roe sales finance coef Least Squares Wed, 23 Nov 2022 08:53:41 759.3063 21.2545 0.0168 182.8875 salary R-squared: OLS Adj, R-squared: std err nonrobust 241.575 11.275 0.009 231.251 209 205 3 F-statistic: Prob (F-statistic): Log-Likelihood: AIC: BIC: t 3.143 1.885 1.887 0.791 P>It| 0.002 0.061 0.061 0.4 [0.025 283.017 -0.976 -0.001 -273.049 0.032 0.018 2.268 0.0817 -1802.5 3613. 3626, 0.975] 1235.596 43.485 0.034 638.824 Above are the results from a regression of CEO salary in thousands of U.S. dollars on return on equity (roe) as a percentage (i.e., 18%, not 0.18), sales in millions of U.S. dollars, and a binary variable for whether the firm is in the finance industry. What is the appropriate interpretation of the coefficient on the variable "finance"? CEOs at firms in the finance industry earn about 183% more than CEOs at firms not in the finance industry, controlling for firm sales and return on equity. CEOs at firms in the finance industry earn about $183 more than CEOs at firms not in the finance industry, controlling for firm sales and return on equity. For a unit increase in finance, estimated CEO salary is about $183,000 higher, controlling for firm sales and return on equity. CEOs at firms in the finance industry earn about $183,000 more than CEOs at firms not in the finance industry, controlling for firm sales and return on equity.

Above are the results from a regression of CEO salary in thousands of US, dollars on return on equity (roe) as a percentage (ie, 186, not 0.18 ), sales in millions of US. dolla and a binarvariable for whether the firm is in the finance industry What is the appropriate interpretation of the coefficient on the variable "finance"? CEOs at firms in the finance ididustry earn about 183% more than CEOs at firms not in the finance industry, controlling for firm sales and return on equity CEOS at firms in the fhance industry earn about $183 more than CEOs at firms not in the finance industry, controlling for firm sales and return on equity. For aunit increase in finance, estimated CEO salary is about $183,000 hicher, controlling for firm sales and return on equity. CEOs at firms in the finance industry earn about $183,000 more than CEOs at firms not in the finance industry. controling for firm sales and return on equily

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