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
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Chapter1: Making Economics Decisions
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Consider the estimated regression model
y = 33.75 +1.45 MALE
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:
a. $32,300
O b.
$33,750
c. $35,200
O d. $35.25
Clear my choice
Transcribed Image Text:Consider the estimated regression model y = 33.75 +1.45 MALE 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: a. $32,300 O b. $33,750 c. $35,200 O d. $35.25 Clear my choice
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