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What is the expected income of an individual

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Reference no: EM132995153

For the multiple regression model Y hat = 40,000 + 15,000X1 + 212 2000X , where Y is future income, X is a dummy variable representing whether or not both parents attended college (if yes, it takes the value of 1, and 0 if not), and X represents years of secondary schooling of the individual.

What is the expected income of an individual whose mother, but not father, attended college, and who themselves have 5 years of secondary schooling?

Reference no: EM132995153

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