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1. The equations below were estimated using the data from CA#4 with different functional forms. In WAGE = 7.0+.05(EDUC)+.02(EXP) +.16(WHITE) +-.02(FEMALE) +-0.40(WHITE * FEMALE WAGE

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1. The equations below were estimated using the data from CA#4 with different functional forms. In WAGE = 7.0+.05(EDUC)+.02(EXP) +.16(WHITE) +-.02(FEMALE) +-0.40(WHITE * FEMALE WAGE = 750+ 100(EDUC)+ 40(EXP) +300(WHITE) +-50(FEMALE) +-800(WHITE * FEMALE) a. (4)Interpret the return on EXP (years of job experience) on the monthly wage for both models. Be specific

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