Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Florida State alumni office models the donation amount of IU alumni as a function of their gender(Male vs.Female)and Marital Status(Single vs.Married)by using the following regression

Florida State alumni office models the donation amount of IU alumni as a function of their gender (Male vs. Female) and Marital Status (Single vs. Married) by using the following regression model.

ln(Donation Amount)=5.3-1*Male+0.2*Married

where Male and Married are the two dummy-coded independent variables that take the value of 1 if the donor is male and married, respectively. All estimates are significant at the 5% level.

Based on the estimated regression model, what is the predicted donation amount for married males (round your answer to closest integer)?

Step by Step Solution

3.37 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

the following data given In Donation Amount 53 1x Mala 02... 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

Essentials Of Modern Business Statistics With Microsoft Excel

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams

5th Edition

840062389, 978-0840062383

More Books

Students also viewed these Mathematics questions

Question

=+16-3 Name two items classified as prevention costs.

Answered: 1 week ago

Question

give guidelines for improving exercise adherence.

Answered: 1 week ago