Y is the… Show more Consider the following model: Yi= B 1+

Y is the… Show more Consider the following model: Yi= B 1+ B 2D2i+ B3D3i+ B 4(D2iD3i) + B 5Xi+ ui where Y is the annual salary of a teacher X is years of teaching experience D2=1 if male and D2=0 if otherwise D3= 1 if white and D3= 0 if otherwise. (a) What do you call the term (D2iD3i)? What does this expression mean? (b) What is the meaning of B4 ? (c) Find E(Yi|D2= 1; D3= 1, Xi) and interpret it. • Show less

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