How much is a 18-year-old who works full-time predicted

Reference no: EM133261100

Question: Suppose you have information on teenage workers that worked either full- or part-time in the fast-food industry. Variable Fi is equal to 1 if the worker is employed full time, and zero otherwise. Variable Ai is the individual's age in years. With the this information, you have estimated the following equation for earnings based on wages, age, and employment status:

Wi = -0.6 + 0.7Ai + 0.8Fi

How much is a 18-year-old who works full-time predicted to earn based on this estimated equation?

How much is an 18-year-old who works part-time predicted to earn based on this estimated equation?

Reference no: EM133261100

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