Test Equation Deperibe- Variable. Pesid 2 Method: Least Bqua'es Date: 060517 fime: 09:39 Eample. 1 Ba included ohyervations: 88 TERM ASSIGNMENT The following waze model is estimated: Wage =b1+b1Gender+b4E1d2+b1du3+b4Exp+u Here: Gender =1 if the employe is maie and 9 if female. Edral = 1 if the employer has no formal educotion and 0 ochenwise. Efaz =1 if the employer is an eirmentary, secondary, or High schiol gradoate, and 0 ochenwite. Efis 3=1 is the empligee hass a bacthelar degree and 0 ocherwise. Evp: The years of being employed. The estimated model is documented below: Wage =500+200Gender+100Edu2+400Edu3+50Fxp Please answer the following questions based on this estimated modek: a) Find the average wage of a woman that has no formal education and no experience. b) Find the average wage of a woman that has bachelor degree and 10 years of experience. c) Find the average wage of a man that has bachelor degree and 8 years of experience. d) Do you detect gender wage discrepancy? If so, who earns more and how much