Given the model College GPA = 2.0 + 0.01Parental income + 0.05 Hours studied per week +0.2 Private high school
where Parental income is measured in thousands of U.S. dollars and Private high school is a dummy variable, answer the following
a. The expected college GPA of someone who went to private high school, studies for 20 hours a week, and whose parents income is 60,000.
b. The expected college GPA of someone who did not go to private high school, studies for 5 hours a week, and whose parents income is 100,000.
c. What is the expected increase in college GPA due to 2 additional hours of studying (holding everything else constant).
d. What is the expected increase in college GPA associated with having attended a private school rather than a public school?
Correct Answer:
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