For a Sample of 500 College Professors,the Estimated Regression Equation

question 49

Multiple Choice

For a sample of 500 college professors,the estimated regression equation is given by = 275 - 3x - 2D,where y is the retirement age,x is pre-retirement annual income (in $1,000s) ,and D is a dummy variable that takes the value of 0 for male professors and 1 for female professors.Assume that there is a relationship between y,x,and D.For male professors with pre-retirement income of $70,000,the average age of retirement is:

• A)75
• B)70
• C)65
• D)60

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Definitions:

Cognitive Development

The process by which individuals perceive, think, and gain understanding of their world through the interaction and influence of genetic and learned factors.

Minor Illnesses

Health conditions that are not severe and typically resolve with minimal treatment.

Artificialism

The belief that environmental features were made by people.

Socioeconomic Statuses

The social standing or class of an individual or group often measured by education, income, and occupation.