Consider a linear regression model where y represents the

Question

Consider a linear regression model where y represents the response variable, d₁ is a dummy variable assuming values of 0 or 1, and d₂ is another dummy variable assuming values of 0 or 1. The model is estimated as y = 160 + 15d₁ + 32d₂.

a. Compute y for d₁ = 1 and d₂ = 1.

b. Compute y for d₁ = 0 and d₂ = 0.