You Have Estimated the Following Equation Using OLS: ŷ =

question 7

Multiple Choice

You have estimated the following equation using OLS: ŷ = 33.75 + 1.45 MALE
Where y is annual income in thousands and MALE is an indicator variable such that it is 1 for males and 0 for females.According to this model,what is the average income for males?

• A)$33,750
• B)$35,200
• C)$32,300
• D)cannot be determined

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Definitions:

Scaffolding

Vygotsky’s term for temporary cognitive structures or methods of solving problems that help the child as he or she learns to function independently.

Imaginary Friend

A psychological and social phenomenon where a friendship or other interpersonal relationship takes place in the imagination rather than physical reality.

Animism

The attribution of life and intentionality to inanimate objects.

Egocentric

A cognitive perspective where an individual perceives the world solely from their own point of view, often disregarding others' perspectives.