THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
You are interested in determining the number of hours that college students spend studying each week.You identify the following variables:
Y = number of hours spent studying each week
X₁= 1 if the student is a freshman,0 otherwise
X₂ = 1 if the student is a sophomore,0 otherwise
X₃ = 1 if the student is a junior,0 otherwise
X₄ = 1 if the student is a senior,0 otherwise
X₅ = 1 if the student is a business major,0 otherwise
X₆ = 1 if the student is an arts and sciences major,0 otherwise
X₇ = 1 if the student is an engineering major,0 otherwise
-Which of the following regression models would work for the indicators provided?

A) Y = β₁X₁ + β₂X₂ + β₃X₃ + β₄X₄ + β₅X₅ + β₆X₆
B) Y = β₀ + β₁X₁ + β₂X₂ + β₃X₃ + β₄X₄ + β₅X₅ + β₆X₆ + β₇X₇ + ε_i
C) Y = β₀ + β₁X₁ + β₂X₂ + β₃X₃ + β₅X₅ + β₆X₆ + ε_i
D) Y = β₁X₁ + β₂X₂ + β₃X₃ + β₄X₄ + β₅X₅ + β₆X₆ + β₇X₇ + ε_i