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reposted question, hope quality is better. please help with a and b A researcher wonders whether males get paid more, on average, than females at
reposted question, hope quality is better. please help with a and b
A researcher wonders whether males get paid more, on average, than females at a large firm. She interviews 50 employees and collects data on each employee's hourly wage (Wage in $), years of higher education (EDUC) years of experience (EXPER), age (Age). and a Male dummy variable that equals 1if male, otherwise. A portion of the data is shown in the accompanying table. EDUC Wage 37.85 21.72 11 EXPER 2 1 Age 40 39 1 64 Male 1 0 4 24.18 8 0 picture Click here for the Excel Data File a. Estimate: Wage fo+ , EDUC+ A2EXPER+ Aj Age +Molec (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) Wage EDUC EXPER+ Age + Male b. Predict the hourly wage of a 40 year old male and female employee with 10 years of higher education and 5 years experience. (Round coefficient estimates to at least 4 decimal places and final answer to 2 decimal places.) Wage 40-year-old male 40-year-old female per hour per hour c-1. Interpret the estimated coefficient for Male. The male coefficient implies that males earn $2.29 per hour more than females at the firm, holding everything else the same. The male coefficient implies that males earn $2.29 per hour less than females at the firm, holding everything else the same. Excel File Edit View Insert Format Tools Data Window Help AutoSave OFF Ch17 Home Insert Draw Page Layout Formulas Data Review View Tell me Arial 10 ID A A a. Av Paste BLUE V 3 Renew Your Subscription to keep using your Office applications without interruption, please renew fx Male E1 F G H 1 J K B 8 9 7 4 1 5 18 1 10 12 18.02 13 20.39 14 24.18 15 17.29 16 15.61 17 35.07 18 4033 19 20.39 20 16.61 21 15.33 22 23.15 23 20.39 24 14.88 25 13.88 26. 17.65 27 15.45 28 26.35 29 19.15 30 16.61 31 18 39 32 15.45 33 18.02 34 13.44 35 17.66 36 16.96 37 14.34 38 15.45 39 17,43 40 35.89 41 20.39 42 11.81 43 15.45 44 17.66 45 13 87 46 16.35 47 15.45 48 23.67 49 16.02 50 23.15 51 24.18 62 63 11 4 6 9 6 4 4 5 6 6 4 6 6 9 5 7 4 6 4 4 6 5 9 4 4 9 5 8 7 9 4 11 4 B 22 3 14 5 3 15 13 9 4 5 2 18 4 4 3 8 6 3 23 15 9 3 14 16 20 5 10 4 1 10 2 17 2 15 D 32 40 49 43 31 45 31 55 30 28 60 32 58 28 40 37 52 44 57 30 43 31 33 51 37 45 55 57 36 50 35 34 28 25 43 42 47 46 52 64 E 0 1 1 0 0 0 1 0 1 0 1 0 1 0 1 0 1 0 0 1 0 1 0 1 0 0 0 0 1 1 0 0 1 0 1 1 0 1 0 0 Excel File Edit View Insert Format Tools Data Window Help AutoSave OFF Chi Home Insert Draw Page Layout Formulas Data Review View Tell Arial 10 ' ' V Paste Av w Renew Your Subscription To keep using your Office applications without interruption, please renew 4Xfx Male E1 c O E F G H K Wage 1 2. 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 a7 38 39 40 41 42 43 44 37.85 21.72 14.34 21.26 24.65 25.65 15.45 20.39 29.13 27.33 18.02 20.39 24.18 17 29 1561 35.07 40.33 20.39 16.61 16.33 23.15 20.39 14.88 13.88 17.65 15.45 26.35 19.15 16.61 18.39 15.45 18.02 13 44 17.66 16.96 14.34 15.45 17.43 35 89 20.39 1181 15.45 17.68 EDUC EXPER AGE 11 2 40 4 1 39 4 2 38 5 9 53 6 15 59 6 12 36 9 5 45 4 12 37 5 14 37 11 3 43 8 5 32 9 18 40 7 49 4 10 43 1 9 31 9 22 45 11 3 31 4 14 55 6 5 30 9 3 28 6 15 60 4 13 32 4 9 58 5 4 28 5 40 6 2 37 4 18 52 6 4 44 6 4 57 9 3 30 5 8 43 7 6 31 4 3 33 6 23 51 4 15 37 4 9 45 6 3 55 5 14 57 9 16 38 4 20 60 4 35 9 10 34 5 4 28 Hourly Wage + Male 1 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 1 0 1 0 1 0 1 0 1 O 1 0 0 1 0 1 0 1 0 0 0 0 1 1 0 0 + Step by Step Solution
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