Consider the estimated regression model ŷ = 33.75 +1.45MALE where y is annual income in thousands and MALE is an indicator variable such that it takes the value of 1 for males and the value of 0 for females. According to this model, the average income for males is Select one: O a. $32,300 $33,750 Ob O C. $35,200 O d. $35.25 Clear my choice

Consider the estimated regression model ŷ = 33.75 +1.45MALE where y is annual income in thousands and MALE is an indicator variable such that it takes the value of 1 for males and the value of 0 for females. According to this model, the average income for males is Select one: O a. $32,300 $33,750 Ob O C. $35,200 O d. $35.25 Clear my choice

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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