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margins, dydx(*) post
Code:
education expenditure 0.000109
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male 0.0198
1. A one dollar increase in education expenditure increases the probability of being proficient in math by 0.01 percentage points. Hence, a 100 dollar increase in expenditure increases the probability of proficiency by 1% point.
2. Boys are 1.9% points more likely to be proficient in math than girls, other things equal.
Please indicate if this is correct, especially the interpretation for education expenditure.
Thanks a lot!
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