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A regression analysis of college faculty salaries included several predictors, including a dummy variable for gender...

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Basic Math

A regression analysis of college faculty salaries includedseveral predictors, including a dummy variable for gender (male =1) and a dummy variable for race (nonwhite = 1). Assume gendertakes on the values male and female, and race takes on the valuesnonwhite and white. For annual income measured in thousands ofdollars, the estimated coefficients were 0.76 for gender and 0.62for race. At particular settings of the other predictors, theestimated mean salary for white females was 30.2 thousand. Find theestimated means for the other three groups. What is the estimatedmean for nonwhite males?

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3.6 Ratings (656 Votes)
The regression model would be like below average salary constant ax1 bx2 076gender 062race assume that x1 x2 are other predictors Where gender and    See Answer
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