Educational Economics 3.Educational economists strive to better understand the relationship between educational variables and other important factors operative in an economy. Observational data onn= 16 schools in the state of New York are available. Eight of these schools received a special school-wide intervention (named "Schools to Watch") designed to increase reading and mathematics achievement. The remaining eight schools in the sample did not receive the intervention. Unfortunately, researching economists were unable to assign which schools received the intervention and which ones did not using random means due to political and social reasons. As a result, the economists want to employee propensity score matching methods in order to estimate the true effect of the intervention on student achievement. The following variables are available:

Observation An identifier variable

school School name

tot School size (i.e., total number of students)

min Proportion of minority students

dis Proportion of students receiving free and/or reduced lunch (a measure of the amount of disadvantaged students at a school)

stw "Schools to Watch", coded 1 = intervention school and 0 = non-intervention school

ach Proportion of students meeting or exceeding reading and mathematics benchmarks

(a) Use the matches that you identified in questionEducational Economics 2 part (c)to make a new control group (Consult the notes if this concept is not familiar). Fill in theaveragevalue for each of the two types of schools for each of the variables below.Convert the proportions (ie. min, dis and ach) to percentages in your answer. (Enter all of your answers to two decimal places.)

tot min dis ach New Control Group 901.88 72.19 D/O Intervention Schools 750.25 12.00 79.16