Given the model Income = β₀+ β₁Parental income + β₂Male
where Male is a dummy variable, β₀=30,000, β₁=0.1, and β₂=10,000, the expected income of a woman whose parents income is $60,000 is equal to $52,000.

Name: Given the model Income = β 0 + β 1 Parental income + β 2 Male where Male is a dummy variable, β 0 =30,000, β 1 =0.1, and β 2 =10,000, the expected income of a woman whose parents income is $60,000 is equal to $52,000.
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The Answer is False

Given the Model Income = β0 + β1Parental Income

Given the Model Income = β₀+ β₁Parental Income