11.1 Using the results in column (1): a. Does the probability of working in the government depend...
Question:
11.1 Using the results in column (1):
a. Does the probability of working in the government depend on Schooling? Explain.
b. Matthew has 16 years of schooling. What is the probability that he will pass the test?
c. Christopher never went to college (12 years of schooling). What is the probability that he will get a job with the government?
d. The sample included values of Schooling between 0 and 18 years, and only five people in the sample had more than 15 years of schooling.
Jed has completed a PhD and has been a student for 24 years. What is the model’s prediction for the probability that Jed will get a job with the government? Do you think that this prediction is reliable? Why or why not?
Step by Step Answer:
Introduction To Econometrics
ISBN: 9781292071367
3rd Global Edition
Authors: James Stock, Mark Watson