THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In examining the determinants of income,data were collected regarding the characteristics of 45 adults,and the regression Y = β₀ + β₁X₁ + β₂X₂ + β₃X₃ +ε was used,where Y is the annual income (in thousands of dollars) ,X₁ is the person's age,X₂ is his/her years of education,and X₃ is a dummy variable = 1 if the adult is female.
-If you get = 26.3 + 1.38x₁ + 2.98x₂ - 0.76x₃ + 0.34(x₂ ∙ x₃) when you run the regression,how would you interpret the coefficient on his/her years of education?

A) For each additional year of education,women on average earn $420 less than men.
B) For each additional year of education,women approximately earn $1,100 less than men.
C) For each additional year of education,women on average earn an additional $3,320.
D) For each additional year of education,women approximately earn $340 less than men.