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According to the Center for Disease Control and Prevention,life Expectancy

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According to the Center for Disease Control and Prevention,life expectancy at age 65 in America is about 18.7 years.Medical researchers have argued that while excessive drinking is detrimental to health,drinking a little alcohol every day,especially wine,may be associated with an increase in life expectancy.Others have also linked longevity with income and gender.The data relating to the length of life after 65 (Life) were collected.Data also include: average income (in $1,000s) (Income) ,the average number of alcoholic drinks consumed per day (Drinks) ,and a dummy variable Woman.The following model was created: Life = β0 + β1Income + β2Drinks + β3Woman + ε.The Excel partial output corresponding to this model is shown below. According to the Center for Disease Control and Prevention,life expectancy at age 65 in America is about 18.7 years.Medical researchers have argued that while excessive drinking is detrimental to health,drinking a little alcohol every day,especially wine,may be associated with an increase in life expectancy.Others have also linked longevity with income and gender.The data relating to the length of life after 65 (Life) were collected.Data also include: average income (in $1,000s) (Income) ,the average number of alcoholic drinks consumed per day (Drinks) ,and a dummy variable Woman.The following model was created: Life = β<sub>0</sub> + β<sub>1</sub>Income + β<sub>2</sub>Drinks + β<sub>3</sub>Woman + ε.The Excel partial output corresponding to this model is shown below.   Which of the following is the predicted life expectancy for a 65-year-old man with an income of $50,000 and a consumption of three drinks per day? A)  19.78 B)  16.58 C)  13.38 D)  18.70 Which of the following is the predicted life expectancy for a 65-year-old man with an income of $50,000 and a consumption of three drinks per day?


Definitions:

Economic Development

The process by which a nation or region improves the economic, political, and social well-being of its people.

Federal Government

The national government of a federated state, which holds authority over matters that transcend regional or state boundaries, often sharing power with state or provincial governments.

Red Scare

Periods of intense fear of communism and radical political agitation in the United States, particularly prevalent after both World Wars.

Antiradicalism

opposition to radical movements, ideologies or persons, often in the context of politics, where conservative segments of society reject progressive or revolutionary changes.

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