Multiple Choice
Consider the following regression results: Income = 30 + 0.2Parental income + 5 Male + 0.001 Male x Parental income and the t-statistics are 3, 3, 3 and 0.2 for the four estimated coefficients (starting with 0-hat) . Which of the following conclusions is correct?
A) Men are not estimated to have greater income than women.
B) The fitted value for a man whose parents had 0 income is 30.
C) We have no evidence that the effect of parental income differs for men and women.
D) The effect of parental income on women is larger than for men.
Correct Answer:

Verified
Correct Answer:
Verified
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