Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Maryworks in human resources at another college and has been asked by the college to test for age and gender discrimination in salaries. She gathers

Maryworks in human resources at another college and has been asked by the college to test for age and gender discrimination in salaries.

She gathers data on 42 professors, including annual salary (in $1,000s), experience, whether or not the professor is male or female (1 if male, 0 otherwise), and whether or not the professor is at least 60 years old (1 if at least 60 years of age, 0 otherwise).

4a)What is the final regression model you decided can test for the relationships between salary and the other variables? ________

4b)How many indicator variables did you end up using? ________

4c)What is the R square / Adj R Squared for the model? ________

4d)Any variable which you find not significant? ________

4e)Any final thoughts / opinions?

image text in transcribed
A B C D 2 4 Salary (000's $) Experience Male Age 5 67.50 14 6 53.51 6 50.05 2 8 111.88 34 9 63.68 21 10 75.56 35 11 65.50 14 12 61.04 3 13 64.30 20 14 58.38 4 15 88.29 28 6 88.61 26 52.23 6 18 59.65 16 63.49 22 20 59.75 7 21 87.78 32 22 62.80 14 23 114.73 29 24 63.21 15 25 61.55 6 26 114.20 36 70.53 33 28 58.98 15 29 68.91 30 80 65.20 26 B1 55.57 7 56.75 2 82.13 26 84 96.07 28 35 67.61 24 57.20 6 37 59.39 13 38 54.73 8 39 64.24 17 10 98.54 25 66.41 28 12 81.77 36 13 77.69 23 14 62.10 19 45 61.45 8 16 73.06 35 O OOH OOH OOH OPP P P H OO OO PP PP HO HOOOPPPOPPOPPOPP H OO OP OO OO OO OHH OO OOOH HOOOOHOOOOOOOOO OHOHOOO

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematics for Economics and Business

Authors: Ian Jacques

9th edition

129219166X, 9781292191706 , 978-1292191669

More Books

Students also viewed these Mathematics questions

Question

1.what is rule of law? 2.The administrative body of government?

Answered: 1 week ago