Y= 40,000 + 1,200(EXP) + 2,000(MGR) + 2,000(MAS) + 500(HSP) - 500(BLK) + 1,000(FEM) + 1,000(NOR) Where: EXP = Years of Non-Managerial Experience in the Profession MGR= Years as a Manager in the Profession MAS = Master's Degree HSP = Hispanic BLK = Black FEM = Female NOR = Job is in the North Where: MAS = 1 if Master's Degree; 0 if otherwise HSP = 1 if Hispanic; 0 if otherwise BLK = 1 if Black; 0 if otherwise FEM = 1 if Female; 0 if otherwise NOR = 1 if North; 0 if otherwise 1. Which of the variables are dummy variables? 2. What is the minimum starting salary for White, Non-Hispanic workers in this profession? Suppose the following three workers included in the study all have 10 Years of Experience in the Profession. What is the predicted annual income for each worker? 3. Worker 1: White, Hispanic Female with a Master's Degree and 3 Years as a Manager in the Profession working in the South 4. Worker 2: Black, Hispanic Female with a Master's Degree and 3 Years as a Manager in the Profession working in the North 5. Worker 3: White, Non-Hispanic Male with a Bachelor's degree and 0 Years as a Manager in the Profession working in the South