Suppose You Estimate the Sample Regression Function $tes\widehat { t~ sco}re _ { i } = 56.78 + 12.36 \cdot A g e _ { i } + 4.82 \cdot \text { Senior } _ { i }$

question 30

Multiple Choice

Suppose you estimate the sample regression function
$tes\widehat { t~ sco}re _ { i } = 56.78 + 12.36 \cdot A g e _ { i } + 4.82 \cdot \text { Senior } _ { i }$
You would conclude that,holding age constant,the average test score for juniors is

• A)4.82.
• B)56.78.
• C)61.60.
• D)69.14.

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Definitions:

Illusory Promise

A situation in which a party appears to commit to something but really has not committed to anything. It is not a promise and thus not consideration.

Promissory Estoppel

A legal principle that prohibits a party from withdrawing a promise made to another party if the latter has relied on that promise to their detriment.

Detrimental Reliance

Occurs when a party takes action based on the promise of another, suffering harm as a result when the promising party fails to fulfill their commitment.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature in the workplace or educational settings.