Suppose we run a regression using salary as dependent variable and a set of dummy variables to descr


Question: Suppose we run a regression using salary as dependent variable and a set of dummy variables to describe race. The set of dummy variable include White, Black, Asian and other. The regression equation is:

Sal-hat=23568+2345white+1453Asian+987other

What is the reference group? If I change the reference group to Asian, write down the regression equation using Asian as reference group. What is the average salary for Black in this sample?

Price: $2.99
Solution: The answer consists of 1 page
Deliverables: Word Document

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