Question
Suppose the following table was generated from sample data of 20 employees relating hourly wage to years of experience and whether or not they have
Suppose the following table was generated from sample data of 20 employees relating hourly wage to years of experience and whether or not they have a college degree. Using statistical software, create indicator (dummy) variable for the variable "Degree" and find the regression equation. Is there enough evidence to support the claim that on average employees with a college degree have higher hourly wages than those without a college degree at the 0.05 level of significance? If yes, write the coefficient of the dummy variable in the space provided, rounded to two decimal places. Else, select "There is not enough evidence."
Hourly wages of employees
Wage Experience Degree
23.56 32 No
31.95 31 Yes
23.31 31 No
15.01 12 No
18.93 13. Yes
13.30. 4 No
16.88 12 Yes
27.25 21. Yes
12.90 6 Yes
13.60 7. No
8.46. 5. Yes
22.22. 17 Yes
15.90. 10 Yes
19.18 24 No
0.28 0 Yes
29.64 25. Yes
13.58 9 No
19.87 28 No
22.29 29 No
17.80. 20 No
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started