Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6 WhileIncomei is a continuous variable, we could also have control that are binary variables. For example, one may argue that gender plays a role

6 WhileIncomei is a continuous variable, we could also have control that are binary variables. For example, one may argue that gender plays a role in determining someone's BMI and their diet choice. If that is the case, we would want to control for gender. Our model then becomes: BMIi =0+1V egani+2V egetariani+3Pescatariani+4Incomei+5Malei+i What the estimated BMI would be for the following groups (in terms)? Show your calculations to receive full credits. Hint: Plug in the appropriate values for each variable and see what coefficients are left. 1. A female who is on other diets, with a monthly income of $5000? 2. A male who is on other diets with a monthly income of $5000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics Principles, Problems, & Policies

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

20th Edition

0077660773, 9780077660772

More Books

Students also viewed these Economics questions