Answer
The coefficient for $x_1$: if the rejection rate of a school increases by 1% and the type of school remains the same, then the GPA of a school will increase by 0.005, on average.
The coefficient for $x_2$: if the type of school changes from public school to private school and the rejection rate remains constant, then the GPA will increase by 0.2, on average.
Work Step by Step
Given above.
