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

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 1.4CE

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