The data set consists of information on 3900 full-time full-year workers. The highest educational achievement for each
Question:
The data set consists of information on 3900 full-time full-year workers. The highest educational achievement for each worker was either a high school diploma or abachelor's degree. The worker's ages ranged from 25 to 45 years. The data set also contained information on the region of the country where the person lived, marital status, and number of children. For the purposes of these exercises, let
AHE = average hourly earnings (in 2005 dollars)
College = binary variable (1 if college, 0 if highschool)
Female = binary variable (1 if female, 0 ifmale)
Age = age (in years)
Ntheast = binary variable (1 if Region = Northeast, 0 otherwise)
Midwest = binary variable (1 if Region = Midwest, 0otherwise)
South = binary variable (1 if Region = South, 0otherwise)
West = binary variable (1 if Region = West, 0otherwise)