THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 194

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In examining the determinants of income,data were collected regarding the characteristics of 45 adults,and the regression Y = β₀ + β₁X₁ + β₂X₂ + β₃X₃ +ε was used,where Y is the annual income (in thousands of dollars) ,X₁ is the person's age,X₂ is his/her years of education,and X₃ is a dummy variable = 1 if the adult is female.
-If you get = 26.3 + 1.38x₁ + 2.98x₂ - 0.76x₃ + 0.34(x₂ ∙ x₃) when you run the regression,how would you interpret the coefficient on his/her years of education?

• A)For each additional year of education,women on average earn $420 less than men.
• B)For each additional year of education,women approximately earn $1,100 less than men.
• C)For each additional year of education,women on average earn an additional $3,320.
• D)For each additional year of education,women approximately earn $340 less than men.

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Definitions:

Gender-Based Exclusions

Pertains to practices or policies that intentionally or unintentionally exclude individuals from certain opportunities or rights based on their gender.

Peremptory Challenges

In the course of picking a jury, lawyers have the authority to turn down a predetermined number of potential jurors, no explanation required.

Challenges for Cause

A method during jury selection that allows attorneys to exclude a potential juror for a specific, articulated reason suggesting that the juror is incapable of delivering an impartial verdict.

Certified Class

In a legal context, a group of individuals certified by a court to act collectively in a class action lawsuit.