1. Bob is a black male. His high school was 20 miles from the nearest college. His base year composite test score (Bytest) was 58. His family income in 1980 was $26,000, and his family owned a home. His mother attended college, but his father did not. The unemployment rate in his county was 7.5%, and the state average manufacturing hourly wage was $9.75. Predict Bob's years of completed schooling using the regression in (b). Show all the steps.
2. Jim has the same characteristics as Bob except that his high school was 40 miles from the nearest college. Predict Jim's years of completed schooling using the regression in (b).

3 . reg ed dist bytest female black hispanic incomehi ownhome dadcoll cue80 stwmfg80 Source SS df MS Number of obs E 3,796 F(10, 3785) 146. 35 Model 3481. 95254 10 348.195254 Prob > F 0.0000 Residual 9005. 42997 3,785 2. 37924173 R-squared 0. 2788 Adj R-squared 0. 2769 Total 12487 . 3825 3,795 3. 29048287 Root MSE 1. 5425 ed Coef. Std. Err. t P> t [95% Conf. Interval ] dist - . 0315387 . 0123703 -2. 55 0. 011 - . 0557918 - . 0072857 bytest . 0938201 . 0031622 29. 67 0.000 . 0876204 . 1000199 female . 145408 . 0505889 2. 87 0. 004 . 0462239 . 244592 black . 367971 . 071363 5. 16 0. 000 . 2280574 . 5078846 hispanic . 3985196 . 0744617 5.35 0.000 . 2525308 . 5445085 incomehi . 3951984 . 0605308 6.53 0.000 . 2765222 . 5138746 ownhome . 1521313 . 0668075 2. 28 0. 023 . 0211492 . 2831135 dadcoll . 6961324 . 0687248 10.13 0.000 . 5613911 . 8308737 cue80 . 0232052 . 0096321 2. 41 0. 016 . 0043207 . 0420898 stwmfg80 - . 0517777 . 0198523 - 2. 61 0. 009 - . 0906999 - . 0128556 _cons 8. 827518 . 2502782 35. 27 0.000 8. 336825 9. 318211Series in Data Set: Name Desreiption ed Years of Education Completed (See below) female 1 = Female/0 = Male black 1 = Black/0 = Not-Black Hispanic 1 = Hispanic/0 = Not-Hispanic bytest Base Year Composite Test Score. (These are achievement tests given to high school seniors in the sample) dadcoll 1 = Father is a College Graduate/ 0 = Father is not a College Graduate momcoll 1 = Mother is a College Graduate/ 0 = Mother is not a College Graduate incomehi 1 = Family Income > $25,000 per year/ 0 = Income