The estimated regression equation for a sample of 500 college professors is given by: y = 275 - 3x - 2D, where y is retirement age, x is pre-retirement annual income (in $1000s), and D is a dummy variable that takes the value of 0 for female professors and 1 for male professors. Assume that there is a relationship between y, x and D. What is the average age of retirement for male professors with
pre-retirement income of $68,500? ____________________ years
Fill in the blank(s) with correct word
67.5
You might also like to view...
What does the phrase factor condition refer to? How can these factors be inherited or created? Describe Porter's categories of factor conditions
What will be an ideal response?
Public employment agencies may help employers by providing all of the following services EXCEPT
A. employment testing. B. human resource planning. C. job analysis. D. community wage surveys.
Swan Corp. began work on 4,200 units this period. Work in Process Inventory was 700 at the beginning of the period (60% complete) and 1,400 at the end of the period (50% complete). Swan uses the weighted average method of process costing. Direct materials are added at the beginning of the process, and conversion costs are incurred evenly throughout the period. Required:Using the weighted average method:a. How many units were completed during the period?b. Determine the number of equivalent units for direct materials.c. Determine the number of equivalent units for conversion costs.
What will be an ideal response?
Many Canadian workers are represented by U.S. unions in their dealings with their employer.
Answer the following statement true (T) or false (F)