Question list O Question 6 O Question 7 O Question 8 O Question 9 K A study compares the total earnings of senior officials of 120 large corporations in the U.S. Let Female be an indicator variable that equals 1 for females and equals 0 for males, and let Age be an indicator variable that equals 1 if the age of the person is greater than 45 and equals 0 otherwise. The estimated regression equation is as follows: Earnings 2,684.57-13.57Female-25.74Age-47.28Female x Age, where Earnings denotes the yearly earnings of the officials (measured in thousand dollars). The predicted mean earnings of males below the age of 45 are $. (Express your answer in dollars.) If Sheila, a senior official at a global firm, turns 46 this year, her predicted mean earnings would (Express your answer in dollars.) by $ from last year.

Question list O Question 6 O Question 7 O Question 8 O Question 9 K A study compares the total earnings of senior officials of 120 large corporations in the U.S. Let Female be an indicator variable that equals 1 for females and equals 0 for males, and let Age be an indicator variable that equals 1 if the age of the person is greater than 45 and equals 0 otherwise. The estimated regression equation is as follows: Earnings 2,684.57-13.57Female-25.74Age-47.28Female x Age, where Earnings denotes the yearly earnings of the officials (measured in thousand dollars). The predicted mean earnings of males below the age of 45 are $. (Express your answer in dollars.) If Sheila, a senior official at a global firm, turns 46 this year, her predicted mean earnings would (Express your answer in dollars.) by $ from last year.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 3E

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