(Answered) Consider the regression model

Statistics

Consider the regression model Wage=β₁+β₂School+β₃(School×Female)+u where, Wage = individual's daily wage School = years of schooling Female = 1 if the individual is female, = 0 if the individual is male

And suppose the estimated coefficients b₁, b_2, and b₃ are all different from 0.

If we plot:

(1) the predicted relation between Wage and School for females and

(2) the predicted relation between Wage and School for males, then the plot of (1) and (2) will have the same or different intercept and the same or different slope?

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