Multiple Choice
You have estimated the following equation using OLS: ŷ = 33.75 + 1.45 MALE
Where y is annual income in thousands and MALE is an indicator variable such that it is 1 for males and 0 for females.According to this model,what is the average income for females?
A) $33,750
B) $35,200
C) $32,300
D) cannot be determined
Correct Answer:
Verified
Correct Answer:
Verified
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Q2: If we use <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3189/.jpg" alt="
Q4: How do you interpret the estimated
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